A great way to get started if you currently have a W2 job is to buy a house hack like a duplex or a fourplex where you can move into one of the units and continue to rent/manage the other units.

The guy is meeting the rental criteria income wise.

In the future, I plan to have more rentals but more interested in out-of-state investing than in state so I currently only have the one rental.

Does anyone know where you could find median income data by area in Portugal?

Just curious, since I'm currently having my STR designed and furnished and my next step was to sign up for dynamic pricing. 

The only thing that makes these properties turn key is the fact they are move-in ready for a lower income tenant with low expectations.

If you did not do a "wrap mortgage" or "mirror mortgage" to help them create "notes receivable income", they may need a cosigner to have enough income to qualify for their next mortgage.

Use your W-2 income to qualify for multiple loans now, stack a few properties before quitting your job, and consider BRRRR or DSCR loans later to scale.

This property gives me significant income, so losing it would be an extreme loss.

Some questions to consider:1) How much negative cashflow can your other income stream(s) support?