Imagine this on a large scale where people depreciate $10Million  the government gives them a 30 year, zero percent $2.5Million loan  pretty sweet eh?

Sadly, while the government of Puerto Rico is quasi bankrupt and therefore has little money to promote tourism or invest in the necessary tourism infrastructure, the Dominican Republic is constantly investing large amounts of money in those two areas.

If often more that they are abandanoning the property to the government because there is some type of constraint, i.e. there is a street light oddly placed in the middle front part of the parcel, there is a creek or wash (which means environmental permits would be needed), there is lack of true legal access, zoning problems, etc. 

Tenants frequently do not take good care of the properties, and the government requires certain standards for the condition of the units.

Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

The key is that they are lending their own money, not just originating loans for Fannie and Hedge Funds  like the big banks do.First Western Federal Savings in SDNorth American Savings Bank in MOTitan Bank in TX

After reports of unexpectedly persistent inflation, mortgage rates increased in April on expectations that the Federal Reserve will likely push back its first cut to the primary policy rate, which was originally expected in June of this year.

Tenant suffers damage due to flood for failure by landlord to inform him that the property is in 100-year floodplainA 100-year floodplain refers to any area of the land designated as a flood hazard with 1% or greater chance of flooding each year by the Federal Emergency Management Agency.

@Maureen M.Working with the local government can be a pain, as you are finding out.

Personally this is the way I think governments should implement these regulations.