They should be paid off with the property’s insurance money.

You'll have issues with selling.You'll have issues with the county if they find out.You'll have issues with insurance if there is a claim, and they will do an inspection.If it is not legal and documented, everyone will find a way to penalize you and take your money.

Still using all of the deferred tax to make money for yourself.  

There are no fees each time you draw. closing costs are often minimal, and the rate is similar to a hard money loan.

What I can say though is that Portugal will tax your income first either by having the OTA withheld the tax from the money you get or by having you make a local tax return.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

In theory 'investors get more for their money' with Oregon 1031X transactions. - Competition & Negotiability : If you're looking for more time to analyze deals and an open dialogue on dealmaking, Oregon has proven to be somewhat of a playground.

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Hard money loan through community bank.

If you think you can buy a property in Detroit, or Cleveland for that matter, that's going to make you more money in long term appreciation than a property in Miami would, you've got to be a drunken idiot.