EDUCATE YOURSELF AS MUCH AS POSSIBLE on the laws that govern tax sales and what you are required to do.

Distance makes investing more challenging, as does seasonal occupancy and governments which operate differently and/or are less stable than our own(though our own government has not been a paragon of stability lately.)By investing in the Caribbean, you’re adding those challenges plus you’re throwing in the occasional hurricane.  

Government programs like FHA 203(k) can assist in purchasing and renovating homes, but certain regulations apply.

Navy Federal 5/5 ARM at 4% zero down payment, made $4,800 at closing.

Yes, they can stop you from replacing any old homes in parks; even "gradfathered" parks if the local government wants no more parks. 

Upon top of that, federal income tax.- What new type of insurance will I need?

There's a reason the US government doesn't let the average Joe invest in these types of funds.Everything you invest in, there is a certain probability that the investment will be wiped out in its entirety.

The current C/D is a mandatory form under state and federal law (every state).So, until states and federal regulators mandate forms for private/hm lenders, you won't see it.

But that is just a personal opinion based on personal experience with government tenants in California.

@Tom Gimer  heck of a stretch of an argument…regulating commerce which IS specifically mentioned in the constitution as a government function doesn’t fall under any of those categories.