We will have a partnership and operating agreement set up.

Has anyone tried to operate a business on a plot of land with minimal development until it builds revenue for a structure (flea-market, private park, outdoor event venue, etc)?

I have the opportunity to list sell multiple acres of virgin waterfront property in Trinidad and Tobago.So I'm looking for potential investors as well.Which islands do your company typically operate?

That is just a one off report so before you spend a buck fiddy, it is a good idea to visit a couple TK operators in person first.

Aim to increase your Operating Income by acquiring 3-4 units for the next purchase.

You operate a trade/business - then you have all deductions AND an obligation to issue 1099sB.

A common strategy used by investors, such as those operating through PadSplit, involves purchasing the property, completing basic rehab, refinancing, and then using cash for the interior build-out.Another potential red flag, even without converting common areas, is the addition of individual locks on bedroom doors.

I successfully operate a small portfolio (3 duplexes and three single families) out of state and a good  property manager is essential. 

That ends up leaving a void that's filled by unprofessional, and in some cases outright criminal operations there in the PM space.

@Eric LoweIf you cannot find a local firm, reach out to these experts who operate national firms:  @Bernard Reisz, @Yonah Weiss, @Julio Gonzalez.