Seller's response: He said, "Yes, I have heard of a land contract, but I’m kind of hesitant because I know some locals who land contracted their assets and ended up with a distressed property after a few years.

This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

Quote from @Sarah Minor: Thanks for your kind reply.

Thats the kind of stuff that went on out there just a few years ago.   

I think this is kind of a daisy chain from other sources, so it's not worth it; it's a kind of like Investor Lift for wholesalers.

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

Quote from @Hamed Rahimi: With so few properties, you'll spend more time learning how to use the tools than you will save from using them.Software is a common question on BiggerPockets.

Also given the fact that its darn near impossible to get any kind of civil judgement executed and collected on in Portugal. 

What kind of proof of funds do you need for auctions?

Oh, Mohammed, that's very kind of you.