On top of the units that I own, my family has over 100 rental units in Central MA and all are self-managed, but we also have a construction company and de-leading company under the umbrella, so it's been a vertically integrated sort of deal since I was young.

This duplex is in a good area with good schools and on a quiet cul-de-sac if I remember correctly. 

General statement: If making the De minimus safe harbor election, repairs under $2500 can be expensed.

For example: in Palma de Mallorca, this summer is going to be banned.In Bcn, on the city center is restricted to the flats that have license from the council.

I can recommend @Rachel De Faut of Sea River Realty. 

Right now in phase of researching areas.One of my research area is Wilmington DE , because of lower entry cost and taxes.It seems like one can also find deals in 20K's in area while rent is around $600-$800.Is there any specific areas that is good or bad for rental properties?

I get the syndication route... and its soup de jour for a lot of folks trying their first ones.however there is EXTREME risk in this as a sponsor.. and that is downside risk.. if you have a market move against you .. ( and they do were do you think distressed assets come from in the first place)your personal liability to your investors is very high.. to the point of being dragged into lawsuits and many end up robbing Peter to pay Paul to keep it going then get criminally charged..

Hey @Bradley De comarmond I've also been considering it.

First of all I am not familiar with PR specific laws but I'd be happy to speak from my experience in Delaware.  

In order to use the 203k we had to de-convert the bldg to 4 units.