This type of loan typically has lower interest rates since it poses less risk to the lender.Non-Recourse Loans: Conversely, non-recourse loans limit the lender's ability to collect from the borrower beyond the collateral pledged for the loan.

Probably collecting social security at 62, maybe 63.I have a rental property that is almost paid off (less than 10k away.)FMV: 280.  

My research guided me to form an LLC to hold the properties during repair/rehab (I am buying properties that need major fixing) and move them to another LLC where I will be collecting rent. 

There is a high probability that every dollar you collect in rent will cover every dollar of future expenses. 2. there is a high probability that due to location and price, there will be demand in the future for this property, so it will increase in value.Good luck to you as you get started.

Get a DBA and use to open a business bank account.Have your properties "hire" the DBA to manage your rentals and collect rents.Most states require a lease to identify the owner of a leased property, whether a person, trust, LLC, IRA, etc.Landlord = Lord of the Land = Owner per deedAgent = someone legally representing the ownerProperty Manager = Agent

Just because one obtains a judgement, doesn’t mean they are able to collect the judgement.  

Also given the fact that its darn near impossible to get any kind of civil judgement executed and collected on in Portugal. 

For your existing primary, you will need to have it leased with the security deposit and first month's rent collected.

@Morgan Reynolds Did you ever get your pitch book built or collect any examples?

The purchase price vs rental income is very healthy (assuming occupancy and collections are there).