Any dividend paying vehicle should be at bottom of the list or nearly excluded as you’ll pay ~50% taxes on ordinary income.

It doesn’t.Here’s what SC law says you must do—no matter what the lease says:Keep the unit safe, clean, and livable.Maintain HVAC, plumbing, electrical, and appliances—unless the lease clearly shifts that burden.Provide heat, hot water, and running water (again, unless legally excluded).Maintain common areas in buildings with 4+ units.Want to access the unit?

@Jack SeidenGreat question: I am 60/40 stocks and real estate right now, excluding my primary (my investment in BiggerPockets as a private business). 

Something like 50% of STR guests bring pets and very few people have the luxury these days of excluding 50% of the rental pool. 

You have had exactly $212 in minor maintenance expenses since the day you purchased the property, excluding this occurrence.

Some condos are excluded.

For what it's worth, the first I heard about that was on Idealista: https://www.idealista.pt/en/news/legal-advice-portugal/2020/03/09/536-portugal-ends-golden-visas-lisbon-and-portoFrom what I read, the GV program is still open, excluding Lisbon & Porto and Algarve (big centres).

The cash flow from MTR is definitely much better than LTR excluding the headache from dealing with trouble tenants.

As someone who made this mistake repeatedly in my real estate career, I would beg you not to exclude professional management costs from your operating expenses.Management is not an optional expense.

I can get the same LTV in both markets (excluding the real cheap stuff that is hard to finance).