I get get really good prices for home games, graduation, ceremonies, moving kids in and out etc.I get all these bookings from VRBO.

Maybe concrete single-family 1-4 units depending on the price point and cash flow.Also there is no real MLS in Puerto Rico you need to find an agent for each area you want to look at.

The price we thought was very reasonable in this current market based off the other properties we have seen prior to that with similar layouts. 

The day after you close, it will appraise for the sales price. 

I look at cash flow, purchase price and prospects of appreciation.

I'm looking to exchange a multi-use property I own in the Bay Area for a multifamily property (expected sales price $3 million) that I could potentially convert to MTR.

P.S; We live in Wilmington NC so both markets would be "long distance" P.S.P.S there are no reasonably priced multi family properties local to us.

At the price point you qualify for, I'd be looking at a more landlord friendly state with more approachable price points.

Purchase properties at a discount that need renovation work to then sell at a higher price profiting at least 15%+ cash on cash returns of all in costs each deal.What is the outcome?

Purchase price: $172,000 Cash invested: $43,000 We purchased this rehabbed home and added a privacy fence, removed overhanging trees, finished the countertops, built a firepit, security system, camera's, fixed the sidewalk and turned it into an airbnb.