Andrew - The other item I share with the contractor is that if the township/borough/city has any issues/questions with the work product I always request them to address/fix.

Run your business like a business.

If you are using the HELOC proceeds to acquire land for a property that will be business use in some manner (a rental), then that interest expense from the HELOC would be deductible against that business project. 

I'm not a big fan of mixing family and business because it can destroy relationships.My favorite recommendation is the one nobody wants to hear: work like a dog, save up, and buy things you can afford to pay for.

I wholeheartedly believe in the business model. 

However its often easier to entrust those who do this as a business to buy the assets and provide you with a solid return. 

Pretty cool all in one, they've definitely won our business. 

They can just go to Airdna and check how much money the average short-term rental in Punta Cana makes and they'll have an objective answer.Finally, I'm getting bombarded by messages from Dominican developers building short-term rentals in Punta Cana so, when looking at the statistics, bear in mind that the supply and therefore competition is going to increase significantly.My dear friend, due to the tourist, real estate and industrial development, there are approximately 100 all-inclusive resorts along the entire coast of Punta Cana, Bávaro and Miches, Grupo Punta Cana is the pioneer company in tourism and development of the Punta Cana and Cap area. cana, this same company is building the first and only Hublogistico in the entire Caribbean, guaranteeing thousands of jobs not to mention that each all-inclusive hotel generates from 1 thousand to 4 thousand employees depending on the hotel, not counting jobs in the construction sector, airport, local businesses and also businesses to supply the large demand for food and products in the hotel sector, including the entertainment and art department of hotels.Since you mentioned that it is impossible to compete with an all-inclusive, obviously a 100-square-meter apartment cannot compete with an all-inclusive with 1,000 rooms.

When you become an agent or loan officer, it's like starting your own business.

My broker's property management company is local to the area and very familiar and comfortable with this product type if you want hands off management.