This type of foundation is extremely porous and lets in a lot of water.

Then we started having issues with the city code enforcement and water company and being fined.

The ones I bailed out I actually took ownership of.. and got them out of hot water. there was no room for a loan but enough equity for me to step in and solve the issues.. 

However, one recent sale in the area was 109K for a .15 acre lot, however, it was verified developable and had gas, electric, and water at the street.

Period.I will engage with those looking to advance discussions on bettering wraps for all and not discuss the esoteric people's money ethical concerns of fictitious harms to billion dollar companies - sorry -- just being real here for a bit.Thanks to all -- but I prefer to discuss an improvement to an industry vs the fictional worries of those trying to invent wrongdoings to lenders.Thanks much to all AlanSo due to a couple of in your face sub2  gurus and the potential of newbie investors muddying in the water the attitude has been in the past and is now anti-Sub2 to the most part on bigger Pockets. 

Tree clearing, grubbing, moving dirt for cut/fill operations, storm water, power, gas, water, fire access etc. not a small task but doable.  

I'm not sure about you but a broke government is almost always a deal breaker for me when it comes to investing in real estate.Finally, while Puerto Rico has had its fair share of devastation from hurricanes and Haiti from earthquakes, the Dominican Republic has been mostly escaping from both (yet all good construction there is hurricane- and earthquake-resistant).

You may not like the space so it may be better to put your foot in the water first.

Note: the $1423 amount includes owner paying for electric, gas & water.

It was near midnight so I turn the water off so I can talk to him in the morning.