If you have cash on hand to fund the rehab and want to extract it soon after the project is done, you can use delayed financing.

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

Maybe concrete single-family 1-4 units depending on the price point and cash flow.Also there is no real MLS in Puerto Rico you need to find an agent for each area you want to look at.

If you want better cash flow, 35805, 35810, 35816, and 35811 are likely the choices. 

A DSCR loan could definitely work, especially if the park’s cash flow can cover the debt.

Your suggestion would be considered a negative cash flow investment.

Personally, I'd cash-out refinance into a 30 or 15 year loan.

Dumb question, but is this called a cash-out refi?  

They are usually looking at C or D properties that local agents tell them will “cash flow“ They usually don’t cash flow because of high maintenance and vacancy.

Purchase price: $98,500 Cash invested: $15,000 owner financed on duplex, bought from a friend of the family. hopefully many more to comeHey @Jeffrey Eschbach, welcome to the BP Forum!