I sold a business about six months ago with the anticipation that this downturn was very likely on the horizon soon, but it's been amazing to watch the day by day progress this has taken, and the lack of historical perspective we have in this situation. 

The best thing for you to do is work with a Loan Officer or Broker that has experience with calculating all income and evaluating your credit and assets.

My first bit of advice would be to get here and use your TLA (temporary living allowance) while getting a feel for the island before making offers. 30 minutes of driving on this island will take you through 5 completely different towns with different feels, traffic, home evaluations, etc.

The market will change in a few months like others have said so you'll also have the ability to see how things are progressing over time.

My lender emailed an hour after I had already signed the closing documents that "Unfortunately, due to the current market they were canceling all their 30 year rental loans in progress, so mine would not be funded. 

I'm pulling old comps, but the problems is that just because something gets listed and asks for a certain rent does not mean the landlord actually ended renting it out for that amount.The landlordology blog made a interesting point when it wrote: "When a real estate agent “pulls comps” to evaluate a home for sale, they use actual sales, not listings prices.

We will wait and see how four multifamily deals that we evaluated (two (2) separate 16 unit properties, a 20 unit and a 32 unit) will perform as things turn and develop.

Property evaluated due to local market and was able to sell for a profit on top of equity.

- what are the opportunities as this progresses to real estate investors and how did you capitalize?

What I am doing is evaluating the market even better to make sure my rents are in-line with the current times and market.