If it's really that tight, first see if you're fit to invest.Going forward, I am a post labor day to spring break REI guy.

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.

That is a 3.4% cash on cash return in year one (7903/232000)Year 2, reduce 7903 by 5592 because there won't be property tax break so that is $2311, or 1% c/c return in year 2 (2311/232k)Year 3, reduce the $2311 by $4930 for PM fees for a net loss of -$2619 per year or a -1.1% c/c return in year 3 (-2619/232000)Essentially, these numbers are so far off of pro forma and there is pretty much zero wiggle room on these numbers. 

A good team can make or break your ability to navigate that effectively.If you’re considering out-of-state investing, I'd be happy to share some resources on getting started and making it work for your goals.Hope that helps!

Where a life coach in my experience would break it down for you in management steps and relate it to other parts of your life.

However, the reality is that a tenant can break their lease at any time by just not paying and the owner will lose that income; so a lease is just a false sense of safety. 

If $50 is make or break for your real estate investing, you are in for a wild ride. :-) 

the key will be breaking the Broker code its one thing for Brian to get a look at good deals its another for the average investors 

Of course, many investors bend/break this rule, but that's another risk.2) If your bid wins the foreclosure auction, you then have to deal with getting rid of any occupants - who may steal/damage everything they can in retaliation:(3) You MUST have a great crew on the ground that can minimize surprises - not easy to do on your first deal.Regardless if you buy a foreclosure or other property, read our copy & paste advice below:-----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

A good one can make or break your experience. • Neighborhood Research: Stick to B or C+ neighborhoods with stable rental demand.