He is a great real estate lawyer, who is efficient with his time and does not require large retainers.

Under that, it gets very tough.If you plan on retaining/keeping any of the properties you pick up (whether using hard money or otherwise), I strongly recommend you start working with a lender now to see what can be done about your credit.

This streamlines operations, reduces administrative burdens, and retains liability protection.

Financing provided through this program is only available for properties located in Michigan or Florida.Available Product Type: SOFR 7/6 ARM, SOFR 10/6 ARMLoan Amount: $766,550 MaximumLTV: Purchase and No Cash Out Refinance - Maximum 99%Prepayment Penalty: NoneLoan Assumption: NoneEligible Properties: 1-unit dwellings, attached and detached condominiums, PUDsEscrow: An escrow account must be established for property taxes, and flood insurance, if requiredUnderwritingNo Private Mortgage InsuranceOccupancy – Primary residencesMinimum Credit Score - 700DTI – Max 43% (UW/Mgmt exceptions up to 50% with minimum 3 documented compensating factors)Student Loans – If in deferment, no qualifying payment requiredDown payment of 1% must be borrower’s own funds, while closing costs and prepaids may be gift fundsAttached condominiums require a 10% down paymentEligible Borrowers – Protect and serve heroes are defined as employees of public or private education institutions, employees of medical and healthcare organizations, all first responders, and active or former military personnel.Servicing: Retained

Only thing the Income Statement info would be the retained earnings on the Balance Sheet.

We will continue to observe the performance of this property and eventually will build a second house next to it.

Hi Thomas,Super exciting to read your observations and amazing to have someone as experienced as you to comment REI in Portugal.All my portfolio (only 5 properties) is LTR, from the beginning (2015).

This is consistent with data from sources like Zillow, Redfin, and the local Santa Barbara Association of Realtors.However, when I go to "Pick Markets" and select Santa Barbara, the median home price listed is $620,000, which doesn’t align with what I’ve observed locally.

And after observing @Benjamin Aaker in action I love how he manages his debt. 

The market isn't going to take off and leave you behind tomorrow--you have time to take this slow and learn, observe, and review offerings without making an investment until you are ready.