If you want a lender for a property on the island, they must have an established bricks and motor bank on the island.

Consulting with legal and financial advisors will help ensure your lending practices are compliant and secure.

Is this possible even without already having an established business? 

Hi everyone,As a newbie in the world of Real Estate Investing (REI), I'm eager to establish a strong foundation for managing my finances.To streamline this process and stay organized, I'm seeking recommendations for user-friendly online bookkeeping tools specifically designed for REI.

This has been well established for a long time. 

I would highly recommend bringing in an advisor or broker with specific experience and knowledge in this asset class.I have seen many of these parks trade hands on a handshake and a dream, however, you could be taking a huge gamble if you don't get microscopic on the front end.

I have established a group of professionals that are a phone call away when I need service.

I strongly advise consulting with a financial advisor or real estate professional who can provide personalized advice based on a comprehensive review of your situation.

This would then allow you to start establishing a business identity (obtaining an EIN, business checking account, et al.)3.

I'm not sure if you're working with a financial advisor but if you're retired, receiving 1099R income, maybe social security, plus income from other sources you definitely want to speak with an advisor.