Also, real builders/experienced developers will often have a true technician, i.e. a civil engineer, architect, real estate attorney et al at least glance at the property info to make sure there are no major red flags.

I think the property is a nice property for renters.

Nice, I don't know Castelo Branco, but Portugal is on my list when COVID gives a break. =]I assume you know the place then.

PadSplit has developed a platform that aligns incentives among residents, property owners, and communities to make affordable housing possible for the private market.

It is the State capital so there is always economic development happening which drives job growth and demand for housing.

We expect to be in a position to redeem your interests in short order, and we will keep you posted, as always, on any developments in this regard.We understand the importance of distributions to our investors and recognize the impact this decision may have on your financial planning.

My aspirations include becoming a real estate developer, so I want to learn as much as I can.

In my developments, I went to everyone I could in the area and got the most RELIABLE (not cheapest) person in order to make my numbers work the best. 

Now you have x% of your original property equity, less cash-out fees and however much you need to pay to service the original loan while you're doing business development. 

Rising home prices for developers isn't new, but if you were in contract, what they did is most likely illegal.