The banks in USVI are VERY risk adverse resulting in major processing costs and restrictions that are costing us money. 

It will cost about $600.I wonder if I have spent the money too soon.I am not an expert in pest control.What if the tenant left a door open or something, and a few rodents slipped in?

Total capital costs was approximately $40k.

We we're able to negotiate with the seller (OG owners daughter) to cover all the closing costs to essentially get the purchase price to where the judge wanted, but bring our out of pocket purchase closer to what we we're asking for.

Social Media and Online Marketing: Are there any innovative social media strategies or platforms that have been particularly effective for your lead generation or branding?

My goal is to live in this first property for at least 12 months (but realistically a few years) and have a roommate in the second bedroom to help offset the net costs.

@Ariel GonzalezHey don’t despair.It’s a tough market out there.In most cases, seller pricing expectations are still out of line with the current cost of debt.I’m proud of you that you just didn’t buy something to buy something - that takes discipline.It’s important that your first deal is a success or at least not a train wreck.I’d encourage to start small finding a 6 to 10 unit building and buy that with a few friends.

Only a small percentage cost more than I have on hand, and that number goes down each year as I improve my business model.3.

Lots of deals "in the works" but nothing at the moment.Unless find a way to get more deals in front of me, two things will happen:* My money will sit idle while waiting for a deal, reducing my effective yield* I may have to settle for a lower return among my few choicesHow do I go about opening the deal flow floodgates?

Obviously, we need to maximize our tax effectiveness in the situation and the monthly is going to be huge, especially if we can’t get the rents to cover the mortgage.