.** If this topic was already discussed before, I would appreciate a link to the conversation.This has been almost impossible to obtain, does anyone know lenders or banks who is open to HELOCs at this time?

Specific performance is almost impossible to get and most intelligent people don't trust wholesalers anyways.

dont underestimate the 1. time it takes to get ANYTHING done in PR. add COVID to that and its next to impossible. 2. finding anyone reliable to work is also tough. 3. everyone has their hand out for money, although cash offer, San Juan will bleed you dry in fees. 4. you will need a lawyer to buy or sell anything to include a Kit Kat bar in PR. 

On the North Side getting something with a CAP of 8 to 10% will be difficult, not impossible, unless you employ a strategy of purchasing distressed at the right price, then updating & holding it.

So I'm looking at a property right now that was just posted today and it seems to be the best deal I've personally ever seen... the problem is that it's such a good deal that I would need to offer over or at asking price to get it, which would make it virtually impossible to wholesale.

Not saying it's impossible.

Short term rentals are almost impossible in Clearwater.

@Roddie WeddleIll bet that is just about impossible to know for sure...

In BC, there is a move afoot to tie rent to the unit (instead of to the tenant), making it impossible to have rent keep place with the market. 

I can then use the C Corp to deduct many expenses and also get all the fringe benefit available from a Corp.2) I know all about tax depreciation and what not, but what is the biggest difference in taxes when a property is in a LLC vs personal name No difference in taxes (with the exception of the property management Corp that needs a separate tax return and that get some other tax benefits).3) have you had difficulties in refinancing when a property is in a LLC and have you had conversations with your lenders when you transition the property Yes, refinancing in an LLC is almost impossible for conventional loan.