Presumably with this deal, you are only on the hook for a 30 year mortgage, not forever like a timeshare, but HOA fees can eat you up just like the timeshare did.Any deal pitched as you get to use it and it ONLY costs you the same as a vacation somewhere you might want to go a few times, but not every year for 30 years, I'd recommend you run.

You would do well in reading the books regarding that matter here on BiggerPockets:      Buy, Rehab, Rent, Refinance, Repeat by David Green.     

Since property tax is a fixed cost, if it keeps increasing, it will eat up a lot of our profits.

Towns say they want "green" but then they make rules against "green." 

Thanks @Jaron Walling and @Jonathan Greene!

Brandon Tuner and David Greene have a podcast on BP and video.

Overlooking the Living areas, the Kitchen offers 42" Cabinets, corian countertops, recessed lighting with eating space in the kitchen that has a bay window overlooking the pool with Jacuzzi and pond.

.: Typology; price/discount compared to market prices; estimated price of renovations.2- Start building relationships with RE agentes and find at least one you trust.3- Consider property management. it might eat into your cashflow, but save you a lot of headaches to leave it to people who are more experienced.4- Don't forget to take someone like a contractor or a civil engineer to check on the building.5- Try to Find na accountant and lawer that understand RE law ( It's rare here in Portugal) but there are some.6- Don't Forget to HAVE FUN with the process because, if you don't enjoy it, you'll get tired!

And thank you to @Brandon Turner and @David Greene and everyone involved with the podcast. 

The sellers had already engaged a debt financier interested in providing about 80% of the proceeds ($7.2M), but this was far from a green light.