I was attracted to Real Estate investing 6 years ago but realized I needed to improve my income first.

Be aware that it is a hot market in PR (still hot) and sellers shy away from offers that are not all cash. 

id=61550685028829 Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Most lenders will offer up to 75% of the new ARV.

I'm new to real estate investing and following the advice in the BiggerPockets books.

We went with highest offer got a counter asking $20k more and reluctantly signed.

How it works depends on how the offering is issued (506(b) or 506(c)) , but basically the first step is self-attestation of accredited investor status.  

How to find Off-Market Properties that Produce high Roi.When it comes to real estate investing..It really comes down to finding Properties that are high value and generate ROI..And if you’re not finding properties that high value and can generate Roi, the #1 tip I can give to you is..Hire someone to show you how to do it..Every deal you get needs to have the capacity to generate high ROI..I see so many Real estate investors who try hard to find deals and when they find deals, they offer freaking high offers to get those deals..Why..

I am in the process of getting my real estate license and very much eager to get into Real Estate investing.Thanks in advance.

.- Consult with a real estate attorney: While you're right that legal fees could exceed $6k, a consultation could provide valuable insights on your liability and options.- Review your insurance policies: Check if your flip insurance or any other policies might cover this type of situation.- Communicate with the county: Try to negotiate with the county officials.