Others employ a BRRRR method or do wholesale deals/flips to have cash to invest long term. 

I think this would be more of a long-term hold for cashflow purposes, however it seems minimal to start, and I feel there is likely little to no appreciation with this property. 

How long have you been an agent?

Not if your strategy is long term buy and hold.

Also remember that Real estate is a long-term play so even if the cash flow isn't a "home run" right now you can refi later and hopefully even pull out some equity you can put down on another one, bringing you closer to financial freedom.Thanks for reading BP!  

TIA.It may be more helpful to throw out a scenario like:Purchase Price:  500K20% down740 credit score6 months reserves 1:1 ratioQuote with and without a prepayment penalty and how long the prepayment penalty is. 

They focus on finding long-term tenants, and it's a win-win as less turnover is less expense for us and less work for them. 

We are thinking of buying an investment property in Puerto Rico and I would like to try to get a pre-approval before my trip there in October.

I just wanted to get some insight on how common it is to request mold tests prior to purchasing a property and testing for mold with long term buy and holds in this climate.Thank you in advance! 

Rates are hight right now and if your primary residents has a great rate the HELOC normally is the smarter play as long as your have repayment plan that allows you to risen and repeat.