We prefer no debt (we are not from the US originally).

@Ryan DeRobertis Curious to know if you made it down to PR and what you may have learned since this was originally posted.

The second lot had the remnants of a tennis court the original owner had built, but was now in disrepair.  

COGO is legit, but I can beat them usually on origination points.

The original intention was to do a light cosmetic rehab and rent it out.

Alternatively, your brother could buy your share, which would result in capital gains tax for you on the difference between your share's original cost and its current value.

It’s is best to invest in short holiday rentals , there is always high demand for this kind of apparent Originally posted by @Paul Schu:@Morgan Nilsen I agree investing in the US probably has a better cash flow potential but I think Dubai might have a decent appreciation.

I'm originally from Kentucky and moved to Palm Beach County to pursue real estate full time.

Why Jacksonville, are you originally from there?

It is also important to consider the transactional fees associated with originating the HELOC, whether an appraisal is required etc.