Wholesaling requires minimal capital but the upside is limitless.

And because Puerto Rico uses the U.S. dollar, there is minimal currency risk.Tax incentives:In 2012, Puerto Rico introduced a series of tax loopholes to lure investors and businesses.

But I’m cautious as I read about recent post on biggerpockets about sponsors underperforming, asking for capital calls and losing investor capital.What I want to learn is how to minimize my risk and avoid placing my money with sponsors who are more likely to lose my money. 

Owning land upfront boosts LTV, saving 10-20% down, but permit delays and 15% overruns on one build highlight the need for contingencies.LTC Ratios: 70-80% LTC, up to 95% LTV if land owned; one dev secured 80% on a $300k build.Holding/Closing Costs: Included in initial draws (up to 10% budget, ~$20-30k); a builder rolled $8k closing + 3 months holding into a $250k loan.Points: 1-2 upfront, minimal backend (1-3% total); a $400k spec home paid 1.5 points ($6k).Creative Structures: 80/20 JVs (8-12% pref, then 50/50 at 40% IRR) sold 16 duplexes; seller-financed land (10% down, 20-year note) saved on a $80k lot.

To answer your questions it really comes down to a personal choice and how much money you might need for the "dream home" and if you are willing to wait for that to happen.

For rehab, I’d keep it minimal if rental history is strong—upgrade only where you’ll see a clear return.

My plan is to sue the previous owner to minimize my financial losses and, if possible, take legal action that benefits us..

**OPINION - NON EDUCATED ALERT** Rates might be a little better, but values might not be.I think you might have to wait too long if you did that, and in my experience, money 'now' is better than money 'later'. 

Prioritize and minimize your failures. 

Get that cash to work in assets that have minimal draw down