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? 

Like everywhere else, inflation is on the higher side but that's because of real economic growth, not because the Mexican central bank has artificially maintained interest rates at a low level like the FED has.

Given the current economic conditions and any upcoming trends you foresee, what are your forecast?

This might be easier to handle between tenants.Market and Economic ConditionsMarket Fluctuations: Be prepared for potential fluctuations in the real estate market that could affect property values and rental demand.Economic Factors: Consider economic factors such as interest rates, job market conditions, and tourism trends that could impact the Tahoe area.Exit Strategy:Backup Plans: Have a backup plan in case your circumstances change, such as if you decide not to move to Tahoe or if the rental market becomes unfavorable.Sale Considerations: Understand the process and costs involved in selling the property if needed.

Jude Children’s Research Hospital provide economic stability and job growth, attracting residents and supporting the housing market.

So, like many, I've been intentionally on the sideline, but staying quite active with learning and keeping up with the economic data.

My personal assessment of the overall economic risks has hit a tipping point.  

“Activities may be grouped if they constitute an appropriate economic unit for measuring gain or loss.”

Of the multiple paths forward one was to build the home, apply very economical finishing and lease to section 8.