Looking forward to hearing your thoughts!

Maybe run this by your real estate attorney before moving forward. 

All and any of our questions moving forward were addressed via email.

In this case, the interest rate could be a hurdle for some buyers, but there are a few strategies you can try to move the deal forward, especially if you’re considering a "Subject-To" exit strategy. 

I am looking forward to buy  my first  condo or a town house in fort Myers/ Bonita spring area and would like to rent it out when I am not in the states.

Looking forward to arriving in Portugal soon!

But it sounds like you already have all your ducks in a row and are ready to move forward, so I wish you luck!!

It's a balance of cashflow and wealth accumulation.One of the goals is to have tenants pay as much of your cost-of-ownership as possible (loans, taxes, insurance, etc.)In high-cost areas, any Class A or B property you buy will usually negative cashflow for the first 3-5 years, until rents rise enough to cover the negative cashflow + rising taxes & insurance.Investing OOS increases your risks because you may not know the market and you can't check on everything/everyone all the time.If you move forward with your buddies, HIGHLY recommend creating a solid Partnership Agreement!

not sure if you are familiar with basketball but it is alot like the spurs offense. meaning the system works if you trust the process. my uncle has everything set up. contractors, know how, experience, tenant screening. management. so i will integrate into his system and learn it to replicate it like Steve Kerr did for the WarriorsYes, I am - The Big Fundamental was a great power forward!

Roll them all up and the averages are:purchase $154krenovate $47Ksell $232kThese are gross numbers, not including closing costs, borrowing costs, holding costs, licensing and permit costs, G&A, overhead, commissions, forward rate buy-downs, and lease-up fees, to name a few of the many expenses incurred.