Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental 

Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.

I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.  

I would also weigh if you plan on staying in the home you are in now for a long time or move in the next 5 years.

Good luck.I also plan on visiting PR(san juan for now,  maybe ponce as well) in November for fun and to learn more.

@Jeffrey Bourque Are you planning to finance this with a local bank or credit union?

What’s the plan?

ESP if you are planning to lowball, an agent might be more reasonable to discuss with (seller might get emotional and offended with your offer).

I was thinking this might work on my property in Redding and can be adapted to a shared housing project for seniors (though I'd want rooms large enough for bed, bath and seating area)  It's my understanding that it is considered a SFR with seperated bedrooms as far as planning.

I plan to be here often but have been listening to the bigger pockets podcast for the last year now, and have consistently been saving to make my first investment this year.