My team hasn't set up any STRs in the Dominican Republic but we had acquired some STRs in Costa Rica which we had thought we're going to turn out well but we had a few issues to note:- Cashflow issues: Since we are basing our reservations on another currency we couldn't charge as much as we were hoping for. - Finding a Good Team: Since there is a language barrier in place it was much harder to communicate with any cleaning companies/property managers we found. 

When I acquired my own portfolio I did so largely by my own version of BRRR which involved paying cash for a property, fixing it up, renting it out and then a year later getting a Wells Fargo HELOC on them and using that money to buy another house.

For investors, this means the opportunity to acquire properties at lower entry points compared to other major tech hubs like Austin or San Francisco.

Purchase price: $197,000 Sale price: $205,000 Contributors: Peter Vekselman Partner Driven and Rod King acquired this Detroit property on Kipling St for $197,000 and made a swift resale on the same day for $205,000.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.

If the future vacation property type is abundantly available and can be easily acquired at any time, the aforementioned concern is less of an issue.Please post your experiences when you do it.Best of luck! 

Another avenue that may be enticing would be pursuit of short term rental. short term rental can often be acquired at 5% down. 

Would you say that acquiring 19 rentals that cash flow for $300-400 after expenses in 10 years is realistic in todays time?

This will allow you to acquire another investment property with favorable terms (better interest rates, WAY less money down). 5% vs 20% down is massive and will help you acquire more real estate faster in the long run.