Moreover, the Dominican government encourages foreign ownership of property.If you want a boat, you'll need a marina.

Hey Nina - I would encourage you to do due diligence on your investment before going in.

PMC RECOMMENDATIONRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Your experience and encouragement are really appreciated.

Lots of opinions out there on 38127 but I would encourage you to speak to investors who actually own rentals in this zip codeBest of luck!

REPS was actually an incentive purposely put in the law to encourage real estate economic activity.Regarding your question, it is my understanding you would not qualify for REPS, but if you have a more aggressive CPA, they might be willing to make the case.

As I find more data on each site, I will update it within the comment section, and I encourage others to share their journey as well!

However if you want to generate more cash flow putting 15% down will help you because not only is it a lower montly payment but when you hit 20% equity they will remove your PMI.If you put down 5% I would stronly encourage you living in the Airbnb if possible and renting out the home so you can generate even more incomeIf you look at it like this it'll helpMonthly payment < Potential income + current rentIf you can move and reduce your cost of living that is always great at the bare minimum they should equal each other in my opinion because at least you'll have equity if the market you are choosing is a strong equity market.

I vividly recall calling you when you started and providing you with my direct cell phone number to encourage open communication.

I am in NJ and we charge 1 month for a new tenant fee (1/2 month if it takes more than 30 days after listing property to getting the tenant into the property) we do NOT have a renewal fee for an existing tenant and encourage and work with the tenants to keep them happy and hope that they will renew and not cost our owners an empty unit nor missing any rent in between tenants.