This could even make more sense to you given that you already invest in Puerto Rico and therefore might not want to more exposure to sargassum on the Caribbean side.You can get a mortgage but the conditions are much less favorable than in the US and rates are in well in the double digits.

Off the bat, a $100k double on the east is not going to look too good.Shoot me an add, happy to chat.

Secondly, I can invest the $7k I’m saving elsewhere and double or triple the money I would use now to purchase another home in the near future.  

My umbrella insurance almost doubled over night.  

Quote from @Sebastian Bennett: @Michael Plaks Check out this forum for a good laugh...It was not a laugh, it was a double facepalm. 

We would be creating a new LLC which the lender seems to think is OK, but I'll double check on this point.  

I got a quote from our insurance agent and Foremost Insurance will allow the policy owner to be the policy owner but the rates are double what we are currently paying.The question is this - to prevent the "piercing of the veil" of the LLC, does the insurance also have to be out of my personal name and in the LLC's?

Based on their own information and even double checking with other of the online calculators and realtors etc. just to get an idea and see if the arv was at least accurate or close to what it was expected, which their appraiser even agreed was close they still went with a different value (far less, to about 100k less).

I want to make sure this buyer puts down some earnest money to have some skin in the game an not back out and leave the deal in jeopardy.  

But our product was/is nicer so we are out selling the other developments regardless of commissions offered except Lennar as they are hundreds of thousands cheaper for same sq foot.. and I think my wife double ends almost half our sales..