There exist several distressed apartments buildings in downtown Lisbon (1-6 units) from 300-500k needing refurbishment with an average refurbishment cost of 20-30k max per building.

But I'll need to build the road myself, which will likely be costly (especially since it'll involve clearing some trees first).Next to the property I'm buying there's a second nearly identical lot for sale that has the same access problem.

Figured we could try to negotiate lot premiums, design incentives and closing cost incentives ourself. 

They will allow your mortgage payment and any personal debt payments (credit cards, cars, etc) to reach about 45% of your monthly income.Programs vary all over the place so it's best to ask a mortgage broker which programs you qualify for.They like two years on the job, rent paid on time, no liens or judgments, pay stubs, tax returns and so on.FHA has a 3.5% down program plus closing costs.

I did a lot of new construction in Charleston SC and did full gut rehab on 2 small MF>  built about 35 homes.. the prices in charleston are very high compared to say Columbus OH. in the order of magnatude to 2X to 4X per prop.. but its a fabulous city. 

The government has a program in place that covers 70% of the housing costs for approved migrants, leaving the migrants to cover the remaining 30%.

The rest of the insurance is all replacement cost.

If the qualifying criteria and equity are there, you can roll in your closing costs.

They are currently in stage 3 of the development and are offering 10k incentives Builder and 2% Seller(towards buying down the interest or closing cost), home comes with warranty and appliances. 

Vacancy is costly and while there is no way to guarantee one tenant is going to stay longer than another, talking to people and learning a little about their life and situation should give you some clues as to how long they might stay in your place.The probability of you getting a home-run tenant right off the bat is pretty low.