Morris knew early on that he had a horrific ground partner.. 

You could also look into regional banks or credit unions with experience in real estate development for middle-ground options.If I were you, I’d spend some time shopping around for the best rate/terms.

I want to learn how to do this the right way, without coming across as overly focused on profits.If you have any tips or experiences to share, I’d be incredibly grateful.

One of the most common mistakes beginners make is jumping into large rehab projects without having a solid team or boots on the ground. 

Of course it needed some extra turnover work--landscaping, above ground pool removal, cleaning, trash removal, paint and other small amounts of wear and tear. 

Still looking to build my core four to hit the ground running in this promising market!

I’ve already realized how much there is to know, and I’m grateful for spaces like this where experienced investors share their wisdom.Right now, I’m working on getting a better understanding of T-12s (Trailing Twelve-Month Financial Statements).

Having read several books on the art of estimating over the years, I have found that most are good for a few tips that can help but for a newcomer to the rehab business can leave them on shaky ground. 

I worked with the tenants to set rules such as if any violation comes up that would be grounds for cause.

So my focus will certainly shift to Portugal.Also because as a REI mentor once said to me "if there is no more grass on the pastures (in this case Germany/Austria), then you need to look for new ones" ;-)My initial (and still very broad) area of focus will be the L-shaped area along Linha de Cascais to the Atlantic and then up the coast till Ericeira.Hope to be on the ground later this summer and always happy to connect and exchange.