My goal is to acquire 167 rental properties in 5 years generating $500/month on average. 

If you acquire the property in the middle of November(Assumption of November 15th), you will need to clock in about 2 hours a day.You might be able to log in a lot of the hours as you furnish and rehab the property leaving you with 30-minutes / 1 hour towards each guest check in / check out.It is do-able but obviously, sometimes, the more time the better.

I was able to sell a vacant parcel just a few months after I acquired title and had no issues selling it with title insurance.

If the property was acquired for a good price and you can sell it to someone who will do the reno, it's a win-win.

Not sure what loan you’ll be using to acquire your first deal but make sure you have a great loan officer who can give you the ins and outs of each owner occupied loan.

Cash flow will be around 1200.00 before maintenance set-asides.Items of concern are getting to an ARV for appeal due to minor repairs, clean-up, and available cash required to acquire a new place to live.  1.

I purchased my first house about 2 years ago and acquired roommates within the first 4 months.

I remember when I was in a similar spot, debating whether to leverage my first rental to acquire another property.

Most haven't taken their properties acquired through the BRRRR method full cycle and gone through the sale process you are experiencing.

Apparently you can do it with a "Crédito Multifunções" but there are some restrictions implemented by the Bank of Portugal: If the property was acquired less than 2y ago: This type of loan is limited to 80%-Loan To Cost (from what I understood rehab costs are not included).If the property was acquired more than 2y ago: This type of loan can be used until a max of 80%-Loan to value not limited to the acquisition cost.Let me know if you had different feedback.