But at least with other real estate there at least the possibility of appreciation, the tax liens are fixed return once you buy the correct? 

My timeline for this year is to prepare as much as possible for my search from January - March.

Anyone have thoughts or insight on possible bubble burst in PR or numbers on ADR vs Sale Price.thanks Scott

Not sure about state laws for the insurance payout angle but if possible, you can always try and get a contract to purchase for much lower and close after seller receives insurance proceeds, then you can potentially have equity and a deal.But based on your existing numbers, taking it down as you stated would not be a good deal in my opinion and based solely off the info you have provided thus far.

Biggerpockets also has a calculator you can use to analyze deals and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Are you looking for lowest payment possible and maybe an interest only or variable rate (but that has higher risk).Once you define what it is you need, then you should start speaking with lenders and ask them what types of products they have for what it is you need.If it is a traditional lender and they are licensed through the nmls (google nmls consumer access to find them), then that means they have been vetted.Note that most lenders DO NOT keep their loans and they get sold, so age of company is usually not important, experience of originator would be more priority for me

Looking to buy a property in Gulf Shores, AL to turn into a STR
Wanted to see if anyone has had any luck on a property like this in Gulf Shores.
Thx

Financing OptionsAnalyze potential properties for house hacking.Assemble a team of professionals, including a real estate agent, mortgage broker, and possibly a property manager.

Just to play devil’s advocate, many people on here say to keep as much of your own as money possible.

I would ask what criteria they used for screening and get tenant permission for them to share all of that with you if possible.