I have knowledge of the basics, however I am Lio for a mentor/partner to assist me.

So I am thinking I will build a new home to live in on that lot.In the meantime I have bought my  future basic retirement home in Vegas so that's secured and done.But my question is this house here..

I was under the impression PR uses the same basic system as the rest of the country.

I've setup a couple basic alerts, mainly Sacramento.

I think one of the first and most important thing for me is to have my credit repaired,, living under $30k per year, and crushed my medical desasters has really wrecked what should be the most basic articles of prosperity. 

.- basically a prenuptial. 

Also remember the higher the finishes are the more the rehab is going to cost, I could go on and on because finding an ARV is truly an art but the only way you are going to get better is to first learn the basics then analyze as many deals as possible till you get the hang of it good luck!

. , @Jason Dillard is spot on with regard to eligibility for 1031 and the way to mitigate.If your goal is to be a fixer flipper or a wholesaler as he is and can generate the velocity needed then he's probably right in his assessment that you can make more cash flow flipping or wholesaling (although the net tax difference dissipates most of that differential). 

Good luck on the upcoming flips.Eastern Sioux land basically.

I have heard of 15K or larger assessments on each unit to make up the difference when repairs are needed and the reserves are not adequate.