Since you want it to be as easy/quick as possible, I'll give you three things you need to learn...as a starting point:1 - How to Analyze Markets to find the Micro-markets that are good to invest in.2 - How Money Works, so you can develop an unlimited number of strategies which will allow you to be able to take advantage of as many opportunities as possible.3 - How to design your own REI Plan by reverse engineering from your specific set of financial goals back to where you are now...then execute it by turning around and just following the breadcrumbs.4 - (OK, I said it wasn't as easy as "just one thing")...Learn what the meaning of the number sequence "1073751824" means, and how to base EVERY decision you make on the meaning of that number sequence.5 - Learn why it's so important to follow the 2 Golden Rules of REI, of which GR#1 is:  NEVER, under ANY circumstances, ever, EVER, spend your seed money (your starting cash). 

The general rule of thumb is the 1% Rule which says you should bring in at least 1% of the value of the property per month.

Does anyone know the rules or limitations concerning keeping your homestead exemption and the rules about your taxes when you have declared it as a rental property?

Even if billed separately for each unit, some utilities are provided by the local government and if unpaid create liens on the property.

Let's discuss your goals and create a plan to kickstart your real estate investment endeavors.

We follow Airbnb rules in Colorado.

*This post does not create a CPA-client relationship.

Thanks for your reply @Chris Mason if I understood right the rules in Puerto Rico are that HELOC is base on Income not in Equity reason why another qualification is that you need to be resident of the Island with proof of income and residency. 

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

Once you're ready, create a goal (e.g.