We are trying to bring money into Portugal in the most tax efficient and legal manner possible. 

In my experience, a successful BRRRR typically comes down to two main things: finding a good deal and managing an efficient renovation.

The most tax efficient way to fix and flip a home you plan to live in would be to live in the home for 2 years as your primary residence.

Hvac 7500 I could have done it a bit cheaper(6500) I used a high efficiency unit.Plumbing 4500-5000Electrical is in flux but I think around 6-7.I put a WD and a dishwasher in this unit.Again please forgive the typos, I usually update with an IPhone whilst feeding the baby....

I would go middle of the road on efficiency if the tenants pay heat. 

Hey all,I have been listening to Bigger Pockets content for maybe 4 years and finally have removed myself from some side hustles, have the capital, and grew the...brains to start real estate investing.QUICK BIO:I am based in New Jersey, I work as a marketing/efficiency consultant, and have 2 avenues of real estate investing:Short-Term Rentals: I have 3 short-term rentals using my parents apts in NJ ( 1 of them just launched in Nov) for the past 2yrs near NYC (1 of them just launched in mid-Nov).

I'm hopeful this results more so in DOGE finding more efficient and effective means of outsorucing government functions rather than blankety reducing the positions.

.#3:  Short cuts are not efficient. 

But the answer for everyone may differ.Here are the personal attributes I see in those able to achieve a higher than market ROI, enough higher to be able to “scale”.1- Knowledge of real estate principles, real estate law and real estate finance2- Minimum 3 -5 years full time, or near full time experience directly related to real estate investing3- Ability to utilize technology for increased efficiency, capacity, and accuracy4- Excellent hired legal counsel and excellent hired marketing help5- Established method(s) of obtaining consistently high QUALITY deal flow6- Ability to manage and choose people who are NOT employees: Attorneys, Appraisers, Mortgage Brokers, Real Estate Brokers, Title Companies, Surveyors, Marketing Specialists, Accountants, Contractors, Consultants, Property Managers7- A VERIFIABLE track record of success8- Ability to identify, analyze, and negotiate a deal that can be “worked” for “enhanced” ROI9- Some type of competitive advantage; for example for me it’s my ability to analyze and identify mortgage loans that are actually less risky than all other lenders believe (on the investing in debt side), and on the real property side it’s my ability to analyze”pull the trigger” with LESS information than other investors need,  combined with the ability to pay cash, or raise significant capital almost instantly as well as being able to obtain loans at the lowest prime customer bank rate with no recourse or personal liability.  

., funding.Two final thoughts, I'm all for being efficient, but you should think about the opportunity cost of tying up your own money in a single rehab, vs. using it to fund another simultaneous deal.