If you are looking for cash flow typically multiple unit properties are going to be your best bet but might require a little more work up front and there are not a lot of them around the area to scoop up right now.

Just a couple of years ago, many PMCs and DIY landlords required an application to schedule a showing.Days on Market are up over 38% in the last 2 years, so many are becoming more flexible to get more activity on the vacant rentals.

A MTR will give you the flexibility to keep the unit furnished, get a higher monthly rent rate, and avoid HOT. 

Doing a 203k on a multi can be challenging, depending on tenants so your best bet is to get one vacant, but then you are at a full loss while construction is going on.

There is a Citizen by Development program that helps you save taxes for new developments but the best bet is to buy an existing property and slightly renovate.If you have never dealt with Caribbean based labourers and you have no patience... then the Caribbean is not for you. 

I bet it appreciates 2 or 3k/month over time.

If you want double entry accounting, flexibility, and solid support, REI will allow you to manage your rentals on your own. 

But if the license is required and its a flaw on the lenders side you can bet the borrowers attorney will raise that.. 

Physical REI is not a paper investment; almost anyone whose invested on paper numbers I am willing to bet is showing a lot less than the reality of if it unless they took realized gains by selling(into the appreciation rate) or cashed out refi. 

Flexibility: Land contracts can offer more flexibility in terms of payment schedules and interest rates.Risks for Buyers: Lack of Protection: Buyers may have fewer legal protections than with a traditional mortgage, especially if the contract is not properly drafted.