As long as you don't increase your total current expenses to obtain another property.

Depending on the initial terms of the mortgage, I'll hold on to it for 2 years and then obtain another mortgage.  

Probably not since at the time I am unemployed (I work in animation and the entertainment industry is on its head right now).

You may also be at a DSCR under 1.00 and still obtain 70-75% LTV (at a higher rate of course)What is strange to me is ordering another appraisal?

They can just go to Airdna and check how much money the average short-term rental in Punta Cana makes and they'll have an objective answer.Finally, I'm getting bombarded by messages from Dominican developers building short-term rentals in Punta Cana so, when looking at the statistics, bear in mind that the supply and therefore competition is going to increase significantly.My dear friend, due to the tourist, real estate and industrial development, there are approximately 100 all-inclusive resorts along the entire coast of Punta Cana, Bávaro and Miches, Grupo Punta Cana is the pioneer company in tourism and development of the Punta Cana and Cap area. cana, this same company is building the first and only Hublogistico in the entire Caribbean, guaranteeing thousands of jobs not to mention that each all-inclusive hotel generates from 1 thousand to 4 thousand employees depending on the hotel, not counting jobs in the construction sector, airport, local businesses and also businesses to supply the large demand for food and products in the hotel sector, including the entertainment and art department of hotels.Since you mentioned that it is impossible to compete with an all-inclusive, obviously a 100-square-meter apartment cannot compete with an all-inclusive with 1,000 rooms.

Can you please recommend communities with low HOA fees and close to entertainment?

I myself back 15 years ago was involved in a running legal battle with the HOA of a unit I obtained ownership of by note foreclosure.  

If not, how can I go about obtaining something like that or can I even obtain a soft proof of funds letter?

I'm all about having strong opinionated people and surrounding yourself with those who are smarter than yourself and who are not afraid to tell you the truth.I would like to obtain and move into a 3rd property(townhome) in a nice neighborhood.

Sellers still owe 71k  which I have the funds to pay off but the catch is, they obtained the property with seller's financing.