We don't have deep pockets so that is why we would need a minimal down payment.

The best deals I found on "homes in good condition type properties" seem to have a rental ratio of .85% max, with minimal cash flow.And obviously buying on retail listed prices would obviously mean we are paying top dollar in the current market price.

Right now I’m gathering information so that I can develop a system that works for me to minimize risk.

I know that mistakes are a great way to learn, but minimizing simple calculations would be great.

In the end, I am sure that I did take some focus away but it was minimal and my output always exceeded expectations.

Pros:  Great Schools, low crime, lots of renters so minimal down time. growing communities of 110K people each. driveable to OC and San diego.Cons: rents are lower, but that matches the purchase price. 

If you reside on the island for a minimum of 183 days annually and meet other qualifying criteria, you may pay minimal, if any, taxes on interest, dividends and capital gains under the “Act 22” tax law.

I could be wrong and would def be open to other options to minimize out of pocket for a down payment.- Your capex numbers are more realistic and I am totally going to use them as opposed to my more aggressive ones. - $400/Mo for utilities is simply for water/sewage and everything else is on the tenets.

Would love to know a CPA who can help me setup the right entity and also work with me to minimize the taxes on my many deals.I did contact many of the other CPAs mentioned in prior posts but no one has replied.

I've been doing all this homework on Multi family and have been focused on that with minimal/marginal deals out there.