But- since you are a newbie, in lay person's terms, the answer is yes...but slowly and over a very long time. 27.5 years, to be exact. 

Hi @Sejin Kim I'm personally not a fan of condos anywhere, especially in Florida.

If the tenant situation is stable, personally I would dump the money in and keep it for the long haul.

There are limits to how many Fannie Mae (personal) loans you can have, which is 10 per person… so if you are married my first suggestion is to buy your properties in one person’s name to maximize  how many loans you can have.  

@Raekwon Yates following this conversation, I have a wholesale company based out of DC and am looking to relocate to PR

Every strategy you described, gets you less than a 0.1% conversion rate.

The HOA has to do reporting and there are some legal ins and outs that the person at the HOA management company is not so, how do I say, genius at fulfilling.https://entp.hud.gov/idapp/html/condo1.cfm 

I personally started by buying a cheap crappy duplex.

Quote from @Emory Clayton: Personally, I only allow applicants to use cosigners if they are full-time students.

I actually just purchased the second one in March as the owner needed out fast and I had a few other reasons that made it a good buy for me personally.