Our Midwest "B" market we are looking at $1 per month per sqft, we take care of the taxes and maintenance. 

Our PM has previously said they must have properties they manage up to a certain ‘standard’.We do not want to pay legal fees for Small Claims Court.Any help is appreciated.Stephen E

Many people are in low rate, fixed loans so they don't have a fear that their mortgage will adjust to where they can't pay their mortgage any more.  

@Renee JonesSounds like you need hard moneyA hard money lender could fund this but recognize they won’t pay a contractor upfront they will only pay when portions of the work are completed.

It can be a great option to subsidize your housing costs, gain appreciation, and benefit from someone else helping to pay down your loan. 

Something that when i visit puerto Rico i have a place to stay and that will pay itself off.

When it comes to taxes, it depends on the country.

Do you guys think this is a decent idea, or disaster waiting to happen.My concerns are that vacancies, forcing me to spend my own income to pay down my current residence and the florida home.

@Bob Mai wow, interesting how biased your post is.Their 4% is only if you PREPAY their fees for 12 months, otherwise 6% monthly.They have a minimum of $75/month, which means if your property rents for less than ($75/6%) $1250/month, you will pay more than 6%.They use Latchel for maintenance issues - Latchel is not cheap and there's a kickback in there somewhere.There's a list of extra fees for extra services and there's a lot they do not handle.You get what you pay for, so good luck.

Your rental income depends on your tenants remaining employed and paying rent.