The culture in Puerto Rico is not the same in the USA.

This area is defined by a glut of housing built to relatively high standards back in the day that needs rehab, very high new-construction costs, and a shrinking population culturally unashamed of thrift that isn't willing to pay the big bucks for premium housing because they know they can do better.

Culture, income, transportation, crime, etc ALL CHANGES just one street away from a neighborhood that is actually booming with working professionalsI own a 5 unit commercial building on the "West END" of providence.

Do this every year for 10 years and you will be a wealthy person and be able to to retire by 40.It took me 10 years to figure out that risk is not always a bad thing. 

I am having coffee with a wealthy man who I know at least dabbles in REI as one source of income and was a successful business owner before retirement. 

For example, my ranch in San Diego was previously owned by a very famous (and wealthy) business man.5) Have it professionally photographed with people enjoying the benefits of ranch life6) Hire a publicity person to get press releases sent out coordinated with area events and it her announcements.7) Hire a real estate agent linked to celebrities and high profile people.

If you owned $1million in collectible artwork but but had no job, technically you wold be wealthy.

I have a fairly wealthy friend who wants to get into the real estate business but his wife is very hesitant and he wants a safe cheaper investment to show her its not all doom and gloom.  

You don't need an MBA, but you do need to learn really how the business world operates, it's not how most people think, at least on here.Then pick your industry, here, you have chosen RE.Basic knowledge is dry, unexciting, when you read it it's hard to see where the money is or how in the world does knowing that a legal description "closes" or what a certain deed of conveyance does to make you money.The reason most have problems trying to follow some guru path to wealth is because they don't understand the foundation that the strategy is built on.In basic business law you'll learn what an endorsement is, what an assignment is and the different types of contracts there are (not talking RE contracts I'm speaking of unilateral and bi-lateral contracts).

in another words is it current to make an offer below the listed price.Thank you for your advicesDISCLOSURE: I am a Turnkey ProviderHi Jean Paul-I think you need to first define your strategy, define a few marketplace(s), define the team and the culture that best aligns with your goals and strategies, then begin to do due diligence on assets, its not only the house, especially being a substantial distance from the TK provider.