I am currently trying to purchase 1 to 3 properties listed as PRA properties.

Someone told me that only financial institutions/banks can hold mortgages in PR. A

We have developed our own metric to evaluate our ability to collect fair market rents as well as vacancies; we call it “Potential Rent Achieved” or PRA and we review it every month. 

Have a sign in the yard...this HOPE HOUSE made possible by XYZ BANK.That's PR a bank can't buy (but they can, LOL)Partner with the banks, we will take all of your properties within this range at 50%...whatever.

Quote from @Pra Che: i'm looking for some ideas on how to use $1M cash to get 150-200k income annually? 

Unless you have a Grant or scholarship, as an 18 year coming out of highschool you fall pra\ey to debt collectors right out of college because again we are not taught about this in highschool to better prepare our students we need to educate them.

File a PRA (public records act) with the county and ask for your rightful records!

@Pra Che I personally am a HUGE proponent of the 1031 exchange.

I'm a newbie on bigger pockets but have 6+ years of vacation property rental management experience in Vieques, PR (a separate island municipality) and a real estate broker. 

@Pra Che, Sure can!