.), additional support may be needed from consultants like a geotechnical engineer or wetland biologist.3.

You definitely shouldn't have been thrown in the deep end with no support (unless you knew that going in).Your primary questions seem to be around financing.

If the value (Comps) and location are OK & support the price, generally speaking everything else is just a matter of pricing, so that you can take care of any repairs.

The current LTR market actually supports the $10k figure for (3x) remodeled LTRs only steps to the beach, however as was pointed out, who knows what the future holds, especially given potential continued COVID impacts on our island/tourist-driven economy. 

I was suffering from depression from 2013 – 2017, until someone in my support group at the hospital, gave me a wake-up call.

We searched for 5 months before we found good properties with a good group on the ground to support us. 

I think I was supportive, but didn't get excited like he did. 

Double check with your CPA who ultimately will be supporting the position on a tax return.

With each acquisition, make sure you are adding to your reserves to support the property (like Andrew mentioned). 

Note that I do not put a lot of time into due diligence until the "contract to hold" meeting, when they put some skin in the game.At the "contract to hold" meeting, I collect an amount equal to one month's rent.