Self managing 50 units is not an easy task, it’s not at all impossible but it will likely be a full time job.

Hopefully things will improve by the time you're ready to come this way.   

Obviously a higher down payment will always help properties cash flow since your payment will be lower, but I did want to explain the options available when you actually live in one of the units.Definitely assemble a team that works in the areas you want to invest in and you stand to learn a whole lot - I hope this helps!

There are huge numbers of jobs here that pay $25 an hour, which based off a 40 hour work week, make tenants qualified for a $1,350 a month apartment.

Like you mentioned, 80% of our economy is based on tourism, so take a macroeconomic view on this, and all the subsidies we see in health care, construction, government jobs, low property taxes, etc. are all because they're being paid on the backs of tourists.

If she has a job and can afford the rent now, I'm thinking she would not qualify for Section 8 assistance. 

You are tenanted and hopefully cash flowing, and it probably wouldn't serve you to sell it with an active leak or ceiling damage.

The inverse is typically true for cheaper areas, more distressed opportunities, but lower profits gained per job.

I hope you do too.

I could be wrong here so I'd hope for you that the repair estimate is being used to negotiate the purchase price down.Curious to know what other members of the BP community feel about this.All the best to you on your first deal!