I'm not a lender but FHA is typically if you have poor/average credit and want to buy a minimum 3.5% down.

Our slow season is November and April.Mike Hi Mike: Do you host the properties, use a co-hosting service, or have a property manager?

For other rental real estate enterprises, 250 or more hours of rental services are performed in at least three of the past five years.

I have used Civic Financial Services for several properties.

In PR you MIGHT be able to get financing but that's typically the biggest issue. 

These markets are revolving doors with properties being resold every 2-3 years to new green investors looking for cash flow, who don't realize what it costs to maintain a property or that their budget of $50/month for maintenance, repairs and capex is not nearly enough ($300-500 is more like it, that's why rents under $1,500/door typically have no margin for error).

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If you are looking at any off market deals, you can negotiate with the realtor on whatever fee they would incur for their services, but I suggest sticking with them if you think they are a valuable team member.

thank you for your service!

DSCR loan with rates on the based upon your ltv I would say high 6 to mid 9s depending on FICO and debt service and LTV.2.)