Quote from @Aarati Shrestha: Rents are currently 30% - 50% cheaper than mortgages in the USA.

And, I hope that if you are screwed, you will let us share your story on BiggerPockets as a warning to other investors who think that Subject To is anything other than what it is. 

We have had some losses taken by insurers causing reinsurance contracts to be renegotiated much higher rates than previous years and the state has approved price increases on admitted markets.

I would like to focus on the middle income bracket, since I believe that in Trinidad we do not have enough high quality offerings for young people/couples and middle income families in progressive neighborhoods.

I finally found one at 20% higher than I was paying, but with a higher deductible and greatly reduced coverages (loss of rent from one year to 3 months, liability from $500K to $300K, everything else cut or excluded).Personal opinion (I work in insurance) and those of pretty much everyone I've spoken to in the industry feel we are at least a few years away from anything softening. 

The land cannot have more value than the home it must make sense.

Would it be more or less than a 401k (if a loan is possible)?

Good on you for starting and thinking about this now rather than later... honestly I wish I did that, BUT all of our journeys are different and unique!

I find the phone numbers are much more accurate than propstream.

I believe 12% would be closer to 30k.