Why would you want a first lien when you can have a second?

This is what you need to focus on first.

is it your first purchase, sixth, 100th? 

Just like a bridge builder starts by carefully placing the first few planks, you’re setting the foundation for your investment journey.Fixing and Flipping: As the bridge extends, you gain confidence and resources.

This will be my very first fix and flip at the ripe age of 23 so all comments/guidance is deeply appreciated!

The home is currently now worth about $525,000 due to the rapid appreciation we all encountered during the pandemic and we believe rent is pretty much capped for the area (class C area).

Capital Outlay many months before first income.  

Needs to be an arms length transaction.2) Let's check the deal numbers to first make sure this is a good deal. 

For the first time I went way over budget but virtually met the schedule goal.  

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.