Congratulations to you and your husband on taking the leap into real estate investing!

@Jimmy O'Connor time for an update!

I am retired so time is not an issue.Thank you Awesome!

Because it was a new construction, the land that was built up around the property did not have time to even grow grass, so it was easily washed away.

and, there are fees and costs at every stage - i didn't include them in my example, but you need to because they're significant. 

Maybe concrete single-family 1-4 units depending on the price point and cash flow.Also there is no real MLS in Puerto Rico you need to find an agent for each area you want to look at.

I was interested in this type of deal because I was living in the area for another year and needed to build equity as well as dip my feet into the real estate market.

I recently completed one on a multifamily property and found it to be a cost-effective approach.That said, there are a couple of additional factors to consider beyond the code differences between a garage conversion and new construction:Coastal Overlay Zones – If your property is in a coastal overlay, building a ground-up ADU may require Coastal Commission review, which can add time and complexity to the process.

We completely gutted and finished the basement including adding a kitchenette and 3/4 bath, moved out and are now renting both apartments.

I recently attended a webinar, Master your Rentals: Save Money and Time with effective Self-management.