I just wanted to get some extra details to make sure I'm relaying the information correctly.

The REI market in USVI is very unique as property values are being held down by economic pressures providing the opportunity for low buy in.Here's the link to the listing in case you are interested:  https://listings.coldwellbankervi.com/idx/details/listing/b3...

We invested $20,000 in renovations, modernizing the home and increasing its appeal.

Any information and details on confirming or denying whether a RSO can be used as an MTR would be helpful.2.

Sale price is loose, contact for details on sale

Thank you for the detailed response @David Krulac, much appreciated 

Are their listings detailed with good-quality photos?

Their reports are more expensive so you'll only want to use it on a house where you are sure there is a deal to be had, but the report was extremely detailed and allowed me to find a very transient owner.Just my 2 cents worth, still interested on the opinions of others on this topic.

Keep detailed records of all expenses.9.

We could sell that house by itself, but it would be sold under a land in common agreement and an HOA would need to be formed.I also confirmed with the Public Works department that a 2nd driveway can go in, with a septic designer that there's room for second septic tank, and with the public water company that they can tap into the main water line from one of the neighboring roads.I'm sure there are some more details that I would need to iron out that the code officer didn't bring up, but the high level answer I was looking for is that my town does allow selling off a second house under the LD 2003 legislation.