Of course all of these determinations of both return and risk are subjective; I rely on my experience to be able to properly discern the data and clues available concerning not only a particular investment but the economic forces in general.  

However, I have not built my team yet (real estate agent, lender, property manager), and I’m not sure about owning a property I cannot visit and monitor myself, given my inexperience as an investor.Economic Outlook: I’m a bit concerned about the economic outlook but can hold onto the property even with lower rent.My Questions:1- Should I sell the property now and look for better deals, considering the declining market trends and my decreasing cash flow?

However, depending on the economic climate deals might look differently.

Imagine acquiring over 800,000 square miles of land, stretching from the Mississippi River to the Rocky Mountains and from the Gulf of Mexico to the Canadian border, for a mere $15 million — a touch below $440.3 million in today’s dollars.Basically 1/500th of a penny per square foot.This strategic acquisition not only expanded the United States’ territorial footprint but also unlocked immense potential for economic development and westward expansion.For savvy investors of the era, the Louisiana Purchase represented an unparalleled opportunity to capitalize on vast tracts of fertile land, abundant natural resources, and access to key waterways like the Mississippi River.

@Alicia MarksHow about having an economic specialist covering some trends that we are likely to see continue, and ones we will not with the evolving lending & interest rates we are seeing?

I recommend looking into areas near economic bases - close to Nationwide Children’s Hospital, Ohio State Campus, New Albany, etc.

Wall Street thought we were going to get six- eight rate reductions this year we’ve seen none so far and stagflation is setting in , the Fed is trapped , if they reduce rates now , inflation could catch on fire if they increase them again too much something in the economy will break I think we’re in this holding pattern for one to two years personally, I don’t claim to be a macro economic expert, but I do study it quite a bit and I’m not counting on or expecting rates to come down anytime soon and even if they do, they’ll just be small quarter-point rate hikes not enough to make a huge difference in cashflow, so ..I either hold and if they do decrease rates, there will  probably be another asset inflation bubble, which will increase my appreciation, or my cell and deploy the capital more wisely and look for some market softening and buy a good deal

C+ class homes that are always in higher demand in good economic times and bad.

Another concern I would have is that if we enter into an economic situation where tourism declines and foreigners stop buying expensive second homes there, you could get stuck with a property you can’t sell that isn’t producing much income. 

I recently found a duplex in puerto rico that I can house hack but I'm just worried about the economic situation in puerto rico. the house is in a small town of Coamo not the metro area. should I take this risk of investing in Puerto Rico?