I hope you and your family are doing well and staying safe.

The goal is to have a place for us to stay when we visit his family (they live close to Torres Vedras) and also have a place that cash flows.

Those details can ensure your projected $25K profit stays on track. 

However, I've learned a lot from that experience and am willing start over again- Make sure you stay on the top of them and fully account for the draws being taken as if they (Builder) have multiple projects I've seen where one individual's draw gets comingled with another property.

From my understanding you would have to sell the property as a business...a resort style destination with a number of amenities and places to stay.

It also has the benefit of being local which is great training wheels as you learn how to be a killer host.Now assuming that you mostly want a cool property to stay in sometimes near water and don't want to spend a ton of time managing I really like the outer banks in NC.

Working with a CPA can help you navigate tax implications, and staying focused on long-term planning will set you up for success.

As you progress, maintaining a clear line of communication with your team, especially your property manager, will allow you to stay ahead of maintenance issues and tenant needs, keeping your operations smooth and your tenants happy.If you haven't done so already, consider outlining your goals and investment criteria with a property manager early on.

Smart move. documentation is your best friend :)  Stay safe out there.

You Pay, You Stay.