However demand is very high, especially for section 8 which also doesn't pay very well because government funding is one of the lowest for Puerto Rico.

Sounds like you all area experiencing it as well. 

But if you buy the property well, your downside risk is that it is short term rentals don't work, and you can simply sell it for hopefully no less than what you paid.That would be my mindset.

I would also know about the surrounding area's as well.

Purchase price: $40,000 Cash invested: $65,000 Purchased this 2 bedroom, 2 bath mobile home on a 2 acre lot with well and septic.

We tend to gravitate to long-term owner-occupied properties, which are overdue for aesthetic updating, but well caredWhat else? 

Hope everyone's doing well. 

So buying the right location will become increasingly important here to protect you in the long-termFood for thought.

They will provide this information when you register for the auction and it is usually available in the listing as well. 

With closing costs, housing costs, agent commissions, my HELOC costs, I estimated about $20-$30k profit, depending on sale price.But, now I am thinking this would be a great BRRRR to learn those ropes as well!