Aim to increase your Operating Income by acquiring 3-4 units for the next purchase.

I have the opportunity to list sell multiple acres of virgin waterfront property in Trinidad and Tobago.So I'm looking for potential investors as well.Which islands do your company typically operate?

@Saika Maeda Permitting the ADU allows you to claim depreciation, operating expenses, and other tax deductions, potentially reducing your taxable rental income.

A common strategy used by investors, such as those operating through PadSplit, involves purchasing the property, completing basic rehab, refinancing, and then using cash for the interior build-out.Another potential red flag, even without converting common areas, is the addition of individual locks on bedroom doors.

You operate a trade/business - then you have all deductions AND an obligation to issue 1099sB.

That ends up leaving a void that's filled by unprofessional, and in some cases outright criminal operations there in the PM space.

Many of these markets are very well represented by sellers & turnkey operators here on BiggerPockets.

I successfully operate a small portfolio (3 duplexes and three single families) out of state and a good  property manager is essential. 

@Eric LoweIf you cannot find a local firm, reach out to these experts who operate national firms:  @Bernard Reisz, @Yonah Weiss, @Julio Gonzalez. 

But unless their businesses are structured very carefully they're no operating in the clear.