I really enjoy the property manager, they're getting 4.9 reviews for it and their team is great to work with.But I’ve only had a handful of profitable months, most of the time I’ve been paying either the mortgage myself or unexpected cleaning & maintenance bills, and my savings has run to zero, so it’s a big loss so far.

In another partnership we do 50/50 but if I also do all cash we pay me 10% on cash invested as if I were a private lender. 

Quote from @Chris Coltrin: First, talk to your lender or read your documents to see if the loan is assumable.Second, determine the value of the home.

@Eric Andrekopoulos why not find a lender and pay more for financing and get a good price.

The only thing is some lenders will not lend on the setup so you would have to refinance when vacant as if it were a house or find  a bank that does not mind.

There you can meet other active investors, agents, lenders, contractors, etc. 

One lender is pushing the 7/1 and the other tells me an ARM isn’t for investment properties.

That being said, certainly need to understand how to conduct DD on the syndicator and the deal.I have a list of things to review when investing in syndications I can send to you.

There are several lenders who lend in the USVI and Puerto Rico.

@David Shelby check with your lender/servicer because you can often Quit Claim the property deed from yourself to a single-member LLC without vilating the mortgage due on sale clause.