But overall the worst I can see it being is it needs electrical and plumbing and painting..It would be my first deal so it lets me put my foot in the door so I can then take a home equity loan out of it to get into my next deal with a higher chance to negotiate the price down.Also the population density of Puerto Rico is so high that it seems unlikely I won't be able to find a tenant rather quickly, especially when a majority of the island is under affordable housing..

New roof, gutters, wood rot repair, new flooring, heavy cleaning, and paint.

I hate having to re-paint every few years.Similar to @Jaron Walling, I look for properties with slab/foundation problems.....

The house was freshly painted before they moved in.

It also helps if you start to keep everything the same(flooring choice, paint agreeable grey, fixtures, vanities) the more that you can systemize the better every step of the way will be.

Carol i am a painting major.

The trick on getting those rents up is to rehab with nice finishes, granite countertops, dishwashers, laundry, nice ceiling fans, nice paint.

It was renovated to have an open floor plan, new paint, recessed lighting throughout, and LVP flooring.

I instantly distrust sponsors who paint a rosier picture than the reality. 

This would be new kitchen, new master bath, full painting interior and carpeting.