You go bust, in grand fashion, because your over-leveraged. 

It sounds good on the surface, but reality is different than paper math.In my experience, most tenants will sign a long lease and then break it.

The partner would have to be a member of the LLC which exposes him to any and all of your other deals.You really should quickly form a LLC with the two of you on it (in whatever fashion), and change the your purchase contract so that this new LLC is the buyer and going on Title.I'd be happy to chat. 

Every home gets "inspector-ized" in some fashion and then it is contractor against a contractor.

Working as a CPA firm that feels very short staffed and has too much for the staff, it can be challenging to get back to all the requests in a timely fashion.

I thought Lisbon was a fantastic city, but haven't looked deeper into the real estate market other than the surface level.

You also need to work with your accountant and a banker to determine how you need to report your income in a fashion that will enable bank financing.

Quite a bit more difficult to install as you usually need to lay new subfloor so you have solid clean surface to glue to.  

The 1% rule, etc. can be useful to sort out stuff on the surface.

Anything over $90 then they get a charge in the same fashion.