I like her strategy.Not a flipper but a buy and holder.  

You need a proven multi-family buy and holder, not just any wholesaler.Shoot, fire, aim lol.  

Be listed as an additional insured and also a certificate holder.

U.S. citizens can travel to and from Puerto Rico without a visa or even a passport.

As the property’s deed holder are you liable?

Unless the previous owners were just dolts, or everyone has been there for 20 years, my experience is that landlords will get as much as they can get based on the amount of work they want to put into the endeavor and the value of the unit vis-a-vis that effort.

Jim that is Great I would Like to here how it turns Out make sure you have Insurance on the Property and your the First Lien Holder.

Foreclosure" is usually associated with lenders or other lien holders who are suing for foreclosure in an effort to collect money due to them for whatever reason.

When the note is paid in full, the note holder files (records) a release (or cancelation or satisfaction, depending on your county) in public record and effectively 'just walks away' as you state.

The reserve bid is an amount that you, as a foreclosing lien holder, set to release your interest in the property.