The key to using leverage is to still have a lot of equity in the deal, have a lot of liquid cash to cover issues, and make sure the property has strong cash flow either way.

And if you build it the right way, you can always fall back on the long term rental strategy here too.Location is always key here.

Not sure how their program works but I've seen this personally a dozen times with the key part the insured not being aware...

Setting up multiple banks to do business with is key IMO.

What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

Since you’re planning a mix of long-term and short-term rentals, keeping detailed records and setting up a solid system for managing finances early on will be key.

When it comes to taxes, the key to successful planning is documentation; retain all records of spending, as all those costs can be deducted.”

If you're willing to be more active, purchase a property or two in an area you personally know well and have key contacts (handypeople, contractor, lender, etc.).

@Diogo Capela can give a more detailed view on some of the legal adventures we had with this property but, to summarise, my key learnings from this deal to date: 1) Get confirmation that the entirety of the property is on the Camara (town hall) plans and fully legal.

Be clear on the key features, then tell everyone what you want.