Capital gains realized by nonresidents on the sale of Portuguese property are taxed at a flat rate of 28%.

Equity split - This is more of a straightforward partnership where profits are divided based on the initial capital invested.

You would have had to be there for at least that to save on the capital gains taxes (up to 250k). 

Now, if you don't have any capital, then ya you're going to have to work harder for your money.

It’s Greenside capital… Any thoughts? 

Possibly some good opportunities there to (for better or worse) capitalize on the depressed market, but income and infrastructure will take a while to rebound. 

When you say you want to prioritize cash flow over equity, you want to watch out for people honing in on that and selling you "good cash flow" deals which will be in D neighborhoods and will come with high capital expenditures and harder tenancies.

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

Yes, any cash you take out of a 1031 exchange that isn’t reinvested into a like-kind property is considered “boot” and is subject to capital gains tax.

And since the high profile venture capital investors chose to invest millions in Roofstock instead of those local turnkeys, it must be that Roofstock got a better business model that makes more sense to investors.Roofstock's rapid expansion to so many markets gave me the impression that their business model really caught on among investors.After seeing how my close family member raised money from VCs for his Silicon Valley startup, I begin to see how VCs tend to be herd followers so I shouldn't give too much credit to their confidence in the companies they invest in.