“Lately” he bought a local restaurant seems to indicate a recent purchase, as such we can’t judge if absentee ownership will be successful - or not. 

Investment Info:

Single-family residence buy & hold investment.

Home Paid in Full and will become a long-term rental.

Purchase price: $726,000 Cash invested: $1,300,000 Sale price: $4,500,000 We are developing a 4 story a luxury Duplex on Indian Rocks Beach FL.

I recently found a duplex in puerto rico that I can house hack but I'm just worried about the economic situation in puerto rico. the house is in a small town of Coamo not the metro area. should I take this risk of investing in Puerto Rico? 

@Bruce Ng- thanks  1) are you planning to pay the seller the difference between the purchase price and the FHA loan amt ? 

Purchase price: $249,500 Our first home turned first rental property!

If possible, keep doing this into your next property that you purchase.

Within the purchase contract, are there any specific criteria I need to call out (this is anew build, if that helps)2. for the agent contract, it says they will be the exclusive agent - I get that makes sense in the context of this property, but can they make themselves the exclusive agent we have to work with across Texas?

FHA offers a 3.5% down payment option up to 4 units and Fannie Mae offers a 5% down option.If those down payments are too high based on the purchase price you can again, use a DPA program.

I'm not sure the deal pencils at this purchase price (even with the vacancy, repairs, capex, and management fee being zero).