But it can be frustrating if you're on a tight time limit and don't have the patience of Job.Many hosts feel like a simple site that looks professional and is robust, does just as well for half the cost.

If they're cash flowing super well, why sell or take out a HELOC? 

Hope all is well.

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.

Be sure to call all prior landlords as well!

Lenders or investors who have short lock up periods but have years of experience feeding their business with new capital would give me more comfort but anyone who is just starting and is promising a rate of return or return of capital in a set period of time would be alarming because they very well could be reliant on fresh capital to make good on that promise and that usually ends poorly.

Could you send a few scans for me as well?

And yes, the income from renting is still taxable, but ideally you are offsetting a chunk of that with depreciation which is a non-cash expense.You should read Amanda Han and Matt MacFarland's books as well which are available in the BP Bookstore. https://store.biggerpockets.com/products/tax-strategies-book...

Then, I would share with them how you manage properties and what your expectations are for them as well as you - essentially explaining how you work with people renting from you.

If all goes well, we should be cash flowing right away.