The plan includes high-yield activities such as property flips and strategic acquisitions to provide liquidity and generate returns.

When I was 22, I did a house hack, and I highly recommend it.

Insurance companies are taking a close look at building materials, quality, and updates. 

I want to go the buy-and-hold route, and I am interested in finding a duplex that will provide a steady cash flow, a high appreciation value and does not need renovations.

If you start a JV in name but do not give your partners proper control and decision-making rights and the deal goes bad you open yourself up to serious consequences which can lead to SEC violations with extremely high fines.Lastly, you can offer the project up to investors who have no voting or control.  

I wanted to share my situation and get some advice.I currently own an apartment in a highly developing area in Guaynabo, PR.

And for sure I highly doubt those that teach the common wholesaling techinques are not up to speed with all these new laws in all the different states..

The owner said he would sell but at a very high price.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

prices are high, interest rates are high, there is tremendous demand for inventory, and - one thing that doesn't get mentioned enough - a record number of properties are debt free.