I’m not making much on rent and the house needs HVAC upgrade as well as cosmetic repairs.

Here are some details about the property.Price: 480kAge: 1986Rent: 1100 ~ 1200/unitCoC: 3%CAP: 7%I am a first time buyer and house hacker so any insight are appreciated.

If you like to have a ceiling fan in your house get whatever you want and take it down when you convert it to a rental.

I would also research closing cost and down payment assistance options, the more equity in the house you want to purchase, the more likely the bank is to approve you.

My wife and I decided to keep the house and turn it into a rental. 

We bought a rental house in Alabama that had been a foreclosure and it was still during the 1 year Right of Redemption period when we bought it.

Has anyone ever gotten a deal with land or houses in Puerto Rico?

For house hacking your first house these things don't need to be overly complex, but you do need to think about them.

@Cory Waldronstart with a house hack. 

I'm currently looking into the BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) and need some advice on structuring a deal for a house that's in foreclosure.Here's a brief overview of my situation:Property Value: According to Zillow, the house is worth $649,500.Current Loan Amount: $470,000, which is the current market value without any repairs.Funding: I'm looking for a hard money lender to cover 100% of the purchase cost and rehab cost.Tenants: I already have tenants in place.I'm working on getting the exact numbers for the rehab costs, but I would appreciate any advice on how to structure this deal effectively.