I just see a lot of problems and headaches in owning numerous low cost homes in poor areas.

Heavy monitory and enforcement of rules and regulations will be necessary as well in order to avoid any legal obstacles.

I've contacted the other landlord *numerous times* to fix the leak and abate the issue on his side, as cleaning it up on my side is pointless until the water stops.

I know very little about rental real estate in the EU, so I will assume that you are doing your due diligence on Portuguese landlord and tax laws and any regulations particular to Lisbon.A couple questions for you: 1) Can you make a trip to see the property?

Site plan review (even tho the footprint of the home isn't being change) town zoning board and planning board meetings like crazy, the town being afraid that instead of long term housing we will air b&b it, and so on.Negatives:- Will probably be about 30k in the hole when we refi-put an excessive amount of sweat equity into the project-the stress had me pulling my hair out for months-spent a lot more money than expected-taking longer than expectedPositives:-My fiance can now recite all town codes, laws, and zoning regulations off the top of her head-I grew my skills as a contractor/ investor-We made a lot of great connections with people that work with and for the town-created and actually changed some rules and codes in our town to changing existing housing stock and density of the homes to create more affordable housing- Established ourselves in the community as people that are trying to help the community and provide nice homes for people to live- And the biggest of them all I think is we connected with other local inverters!

@Justin R.Feasibility of your application will depend on numerous factors, but the primary one you should be evaluating is how much time into the project does a good contractor have?

@Bob DanielsWe do have numerous pictures up for the two data points I mentioned. 

For instance, if a loan is above $250K, banks are required by regulators to have an appraisal done.

@erikbaumer Here are two other good summaries of the 2019 law changes: http://www.realestateindepth.com/news/things-to-know-expansion-of-rent-regulation-and-tenant-protection/https://www.nysar.com/docs/default-source/legal/2019-nysar-landlord-tenant-reform---memorandum.pdf?

How to fund your deal is introduced and numerous concepts are introduced and explained including traditional loans, hard money, private money, portfolio lending, syndication, and many more.