I just extended my lease to a 2 year lease because of this success and fully believe that this airbnb will continue to do well.The newly onboarded airbnb:So the new airbnb had a little bit of a rough start, the laundry machine had to be replaced as it stopped working whilst I was testing things out in the home, I had a bit of a higher cost setting up the airbnb, (painted and filled in cracks that were previously present) but to be honest I spent around the same I would have spent if I had to fully furnish the home.

Sometimes they don’t like that because you don’t have skin in the game.As for advantages to the seller - are you going to pay them more for the property, that would be a perk that I offer in addition to making a little extra on interest for the duration of the loan.

The Construction Agreement says they have access for 6 months and can extend up to 12 months.

The Algarve has basically:1- Vacation rentals (depends on the area) for short-term duration or long term duration2- Residential (Faro, Loulé, Portimão) are the most populated cities.3- Commercial (restaurants, hotels and services)These are the 3 main markets.Opportunities lie specially on rehab, particularly >30y old apartments or houses, buy and hold in residential cities (specially for student loans), vacation rentals (All around the Algarve) or commercial long-term rentals...It depens a lot on wheter you're a buy and hold investor or if you want to

And then it might have the option to extend it to a nice round 5 years if/when the current tenant extends. 

Both companies have been wonderful to work with, and the families were also great.Always make sure to reach out to the company before placing new residents as they have a high liklihood of needing to extend.

Why I am leery of these "creative" things for people with little to no money One of the concerns of going to fast is over extending beyond their resources. 

Most come out ahead over an extended period of time by buying better quality assets where they perhaps have to leave some capital in the property but find themselves able to sell for real gains or refinance out appreciated equity and scale more effectively that way. 

This is a post-closing penalty charged by the Escrow Administrator to extend the renovation period beyond the maximum renovation term of 180 days in the event renovation is not completed within agreed upon terms.

The potential benefit is qualifying for a possible 100% in 2025 that may or may not be extended back into 2024.