I'm Pedro, from Lisbon but I live and work in Switzerland for some years.I'm interested in RE, and I wanted to start investing in Lisbon or some spots in Algarve.I'll be in Portugal on vacations, during August.

Also much of rural CA.. price points are not what folks think of CA there are areas of CA that are just flat gorgeous with housing readily available for 200k to 400k.

Build a solid foundation before taking a step up - each and every step of the way.There’s a way to scale recklessly and there is a way to scale safely.When OPM is involved safe is way better than reckless.Despite a life long career in RE, I scaled as followsBought a few duplexes for my own accountBought a fourplex for my own accountBought 12 units as a JV with some friendsSyndicated 43 unitsSyndicated 30 unitsBought another 12 units as a JVSyndicated 281 unitsThis was over a 3 or 4 year period.and so forth - now I am GP in close to 1000 units with $125M AUM.Even with all that, my sweet spot is 30 to 50 unit properties - they work best for my partners and I and more importantly our investors. 

I an afford to sit on this property as its in the Yosemite AirBnb hot spot and don't need to do anything right away as its in a killer location.

If they have a 5 year lease that says "tenant may have 2 pitbulls" then you are in a hard spot and have to find insurance.

I'd try to fill at least a few spots to get some income coming in, and then do a rolling conversion to MTR as you have the cash to outfit a unit with everything an MTR needs.

He knows what he is talking about and he is spot on.  

As it stands now, the sweet spot in that area in the market for rent seems to be a little larger 2/2 house with large living area for guests.

Is she correct or am I spot on?  

It doesn't take long to learn how to spot a good deal.6.