LLCs are not corporations, unless they specifically elected to be one.Commissions and fees paid at closing to licensed realtors and mortgage brokersRepayments of loans1099s for electronic payments – yes or no?

Also, did you have any other loans (ie student loans, primary residence mortgage, etc) when you took on the $25k? 

I'm hoping to connect with some mortgage brokers in Puerto Rico who may be able to finance an investment property in Vieques. 

I purchased the home with a conventional mortgage and used the grant to help with downpayment and closing costs. 

If you’re just starting or want to minimize risk, house hacking is a killer move—grab a duplex, live in one unit, rent the other, and let it pay down your mortgage while you scale up.

Purchase price was $179,000 and mortgage is $1,420 for context.

@Godsheritage Adeoye when you purchase a property "subject to" the existing mortgage you will then make payments to that mortgage company. 

Our office houses realtors, wholesalers, mortgage companies, contractors... 

In this manual (which I assume could be modified to provide to tenants) I include all the financing information (which you would not include for tenants) bank accounts, mortgage accounts, payment information, and mortgage payoff), a list of the contractors, what each contractor does, a list of upcoming planned or necessary repairs, and a copy of all leases associated with the property.

For full protection, your mortgage company will likely still require you to carry a landlord or dwelling policy.