We’re looking to upsize it and a couple of LTR’s into one property and use the equity for something on Long Island, NY.

But overall the worst I can see it being is it needs electrical and plumbing and painting..It would be my first deal so it lets me put my foot in the door so I can then take a home equity loan out of it to get into my next deal with a higher chance to negotiate the price down.Also the population density of Puerto Rico is so high that it seems unlikely I won't be able to find a tenant rather quickly, especially when a majority of the island is under affordable housing..

Obviously, you need an accountant that loves tax strategy.  

Considered buying a piece of land and building a cabin or even glamping (somewhere we'd love to visit often and use). 

STRs require a lot more cash up front so you just want to make sure you have a good idea of what you're getting into first :) I own STRs and love it but I also wish I had learned a little more about the analysis and management prior to going live - I did some of that on the back end and could have been successful faster.Another idea is to talk with some owners 1:1 to see what advice they would have for someone starting out.

Would love to connect!

I'd love to hear how it goes, so keep us posted!

I love that you’ve found your niche in the RE world!

I moved around, and in some parts of Canada, they love Kijiji (owned by eBay).

I love this!