A couple commentors mention, pay a little more, get professional opinion.

Something that when i visit puerto Rico i have a place to stay and that will pay itself off.

If we have to pay for housing anyway, we might as well make the most of it.

This sounds great, but keep in mind you now must pay capital gains on that profit.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Many people are in low rate, fixed loans so they don't have a fear that their mortgage will adjust to where they can't pay their mortgage any more.  

I've been watching it unfold for years and it seems folks are finally figuring it out. spoke to a guy at BP con in Detroit who said he would never invest in Detroit. he lives in the Wealthy suburbs.

We are so lucky to have this incredible resource and generous community of like-minded folks. 

It can be a great option to subsidize your housing costs, gain appreciation, and benefit from someone else helping to pay down your loan. 

@Renee JonesSounds like you need hard moneyA hard money lender could fund this but recognize they won’t pay a contractor upfront they will only pay when portions of the work are completed.