This is very typical of how most smaller towns in Portugal, where I lived for a couple of years growing up. 

Jacob, Typically the downstairs owner would have to establish that you were negligent in order for your liability coverage to kick in for repairs to his unit. 

Typically they will lend you 80% of value, then subtract your current mtg balance(not 80% of the difference).....this is Not 80% of your equity.

Do you typically meet people in person to sign the lease and move them in?

Typically buying them between $10K-$20K which means you would need to pick them up for less than that to make a profit.

Colored OB PEX should have a gloss coating to it which is the barrier. 

Thanks for the response as well Paul, my concerns are not necessarily around depreciation (I’m pretty sure that buildings are depreciated over 27.5 years opposed to 20 years) or other deductions that are typical to long term rentals but rather tax guidance that dictates what is a schedule E rental portfolio vs. a schedule C business similar to hotels.  

Typically big banks and credit unions are captive to a single PMI provider, mortgage brokerages and banks can shop it among mortgage insurance providers.

The typical downturns or even strong downturns you should have evidence of how your investment can hold up.1) In 2008, most consider a very strong correction, MF loan delinquency nationwide was 1% vs 4-5% for SFR2) In Houston, 2013 oil fell from $100 to $50 barrel. 

Who is typically the trustee conducting the sale?