You apparently aren't aware of my typical role in this scenario.

If appreciation plays a big role in your investment strategy and/or you're buying all or heavily cash, Austin could be attractive.If you are good at performing due diligence and can purchase something cash, then you could find a rehab/value-add (BRRR) opportunity. 

But by getting involved directly in real estate, that will take me into a much more active role, at least from what I understand today.Are there any words of caution/wisdom in dealing with attorneys and keeping legal costs to a minimum? 

Tell the agent you know people and you will refer more people to him/her if they help you... that's one incentive.Another incentive is... express long pivotal interest... in what agent does....  

Yes, HGTV plays a role.

The economy is to blame but local politics have played a role in the demise of Arecibo as well.I'm not sure how long your most recent visit was or when you are planning your next trip, but I do hope you get a chance to view some of the other " non tourist" areas as you may be pleasantly surprised at the resurgence (albeit gradual) of some of the surrounding towns.I've been a resident here now for the past 4 years and I currently work as  a lender at a local mortgage bank and also am now getting more involved with RE investing here.

I have spoken to someone in your office, but I still don't really understand your company's role.

As I'm in the beginning of my research, I'm sure I will add more to my criteria or decide to pivot elsewhere.Thanks for following up and sharing!

Mindset and job play a role too. 

Could you act in a GP role and personally guarantee the loan for a higher equity stake?