Quote from @Makani Donaldson: From what I understand, different islands or cities have different rules, and they are getting stricter.

Steps: you go under contact with the owner of the property, you assign the purchase and sale agreement to the end buyer, the end buyer closes, and you get paid the difference between the agreed-upon price between you and the owner and the intended purchase price of the end buyer. 

Same basic structure they asking price is a suggestion, I offer what I think is a workable number for me and we negotiate to the "middle";  though the middle is not halfway, we never "split the difference". 

The solution would have been to sell this once you got it, and net the difference.

I had the lease wording that says in slightly different wording "This lease is for a year.

There is no one size fits all answer for this question, market to market, and property to property are all different. 

Different DSCR lenders have different guidelines.More on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

If they over-promise and under-deliver, transfer the next property to a different PM.

We have fair landlord-tenant laws, similar to Texas, but still the specific process is different.

There will be different areas that are better or worse depending on whether you're in search of cash flow or appreciation.