If you are relatively new, I would strongly urge you to attend a number of Sales first, observe which Investors are bidding (they are usually regulars with Cash or Credit-Lines), evaluate the properties that are being advertised and sold, including the figures (numbers), then determine if you are ready to play with the players.

The last time it was for one of my other business (computer software) - I partnered with a local college and helped some of their students get to a conference related to their subject, it made for a nice 'community conscious' angle, and got picked up by some local papers.

But, there are still a few things related to real estate that need to be sorted out like how do the profits build up, what are the ways to go about this….and some more.

An american relative of us is following the whole thing for us and told us about the limited warranty deed. she adviced us to get an attorney.but we can't understand why.we know the bank is providing us a Title insurance, wouldn't it be enough?

But, there are still a few things related to real estate that need to be sorted out like how do the profits build up, what are the ways to go about this….and some more.

This is relatively low compared to other islands with a similar level of development where properties can sell for $500 - $750 per square foot.The good news for investors and absentee owners is that the rental income here is relatively high compared to the purchase costs of the property, especially for properties with great views and/or easy access to the beach, which can generate anywhere between US $2500 and US$6000 per month ( depending on the size of the property).

On the other hand, it is relatively easy to build a successful rental property business with $45K and excellent credit.Good Luck,Mike

Getting a property that nobody else knows about is relatively easy, just stay in the game.

The truth is that the vast majority of newbies that "Just Do It" fail in a relatively short period of time.

To be profitable at rentals, you have to buy cheaply enough relative to rent to make a profit from the start.