But overall the worst I can see it being is it needs electrical and plumbing and painting..It would be my first deal so it lets me put my foot in the door so I can then take a home equity loan out of it to get into my next deal with a higher chance to negotiate the price down.Also the population density of Puerto Rico is so high that it seems unlikely I won't be able to find a tenant rather quickly, especially when a majority of the island is under affordable housing..

Does anyone have any recommendations of Umbrella Insurances that I could use, to protect my first property, before getting my second loan?

I am patient that living off the cash flow would come a few years down the road, as the loan is paid and rents gradually go up and or rates go down.

im trying to find d a lender on an investment property with low LTV in Fayetteville NC im trying to do a Heloc or rehab loan does anyone have any advise  

Hard to say what rates will be doing then or before (without making wildly inaccurate predictions that will come back to haunt me), so I'd just say to ensure you know what kind of (or if a) prepayment penalty is baked into the loan.

@Larry Cersosimo,It is not possible to use your 401k as collateral for the loan, IRS specifically prohibits this. 

Feel free to use me as a resource for any loan-related questions that might come up. 

Has anyone used the OnDeck or Fundbox platform for a business loan?

If you have multiple properties your rates may be increased or you may be dropped because of the claim or you may not be able to get a new policy from that carrier for many years.I can't stress enough how much of a mess the insurance market is... think about it this way.Imagine 95% of the primary home mortgages in the US were unprofitable for the banks that issued the loans - how easy would it be to get a new loan?

Patience, seller had contact issues and banker switched to two separate loans at the last moment.