When I search properties mainly in Punta Cana I always run into sites where condos are in development and have about 1 - 2 years till completion.

Since real estate is one of the most popular investment vehicles, it's understandable why so many people want to know if it's a good time to buy.

I agree with what most everyone has said, hiring a lawyer will save you money in the long run.

Face it, it costs money to run a government and provide services, and have reserve capacities on standby to do things.

Prime rate runs ~3% higher than the Fed rate but as others shared unlike residential mortgages with the prime rate there is a direct correlation and as the Fed rate decreases so does the prime rate.  

Just content to sit on the sidelines and not "force" a deal by being too optimistic when you run your numbers.  

You say you are good at running the numbers on these deals and managing, so what is your ballpark estimate of how much money you are needing to be able to buy, refurbish, and run what you're looking for.

You've probably heard of big Landlords losing property, but only because they were flagrantly violating Fair Housing, running a slum, or otherwise violating the law in an egregious manner.

My wife and I have two reliable vehicles but I decided when they were paid off to start saving right away for the next one by making car payments to myself. 

Even if their pay doesn't increase this is a small enough change for most tenants to adjust to within their budget especially if they come to expect it with their next lease renewal. 5. 1-3% annual increases might not keep up with rent price increases in the short run.