Simply participating wherever you can on BP is huge too.

Going back to the property your friend purchased for $270K: In order for the property to generate a 4% return, it must rent for about $1550/Mo. as you can see below.Check the rental comps and time-to-rent around your friend's property and you may discover that it will be difficult to get $1550/Mo.

Is appreciation in property values simply represented in gross income growth?

I sold my previous residence, and someone came in with an full price offer, but it had all kinds of contingencies, selling there current house, getting down payment assistance, getting financing, and I never considered the offer because it looked like they simply liked my house and if everything fell into place they would maybe buy it.  

Nonetheless, here is a word of caution to any investors: things tend to move very slowly in the VI, so do not expect that simply because there is talk of these businesses coming to the island, that they will come in any sort of timely manner.

Simply wipe your hand  over section of floor, if there is dust on your hand tack the floor again.

For purposes of this provision (lines 150-156) Defect does not include structural, mechanical or other conditions of which the Buyer has actual knowledge or written notice or which Buyer discovers prior to the exercise of this option.Ok s I am not sure what to do for this section.

I have a question for all the BP experts.I am fully aware (and abide by) all owner occupant requirements when dealing with any type of government owned/marketed homes (HUD, Homepath, etc).However - I ran across a new listing today that is simply bank owned (national lender) in which they are forcing a 14-day owner occupant only period.  

What that means is that they will simply bump your interest rate higher as a way to pay for the closing costs..so instead of a 4% loan you might get a 4.25%.

Although in many cases corporations will simply buy the properties and become the landlord as well as employer.