There is a SFH my relative is selling at auction due to personal life circumstances.

There is a SFH my relative is selling at auction due to personal life circumstances.

Given your circumstances and goals, hiring a property manager could be beneficial, especially since you won't be in the same city.

The best way to deal with these things is to create policies you go by and will only bend under extreme circumstances (this is true for almost everything business, as The E-Myth discusses very well).

Portugal upped their spend which previously had been low, but it's still a distinct possibility.

Most lenders will have clauses that allow them to modify the terms, freeze, or even call or convert the line if certain events occur, to include ambiguous events like changes in personal financial circumstances.

I must occupy my current home for a year unless there are some unforeseen circumstances.

Personal Factors: Consider your skills (renovation vs. property management), availability of capital, and risk tolerance when choosing a strategy.In today's market, both strategies can be viable depending on your goals and circumstances.

First, I'm not a lawyer and under no circumstances offer legal advice.

@Elliott BeckstromA couple thoughts on your potential STR/MTR in Denver:-- There's a hard distinction between STR and MTR in the eyes of Denver city government.