Your views about people and children and legacy align with what I’ve observed since I was a child.

You are exactly right on your observations with Class C having problems, homes built in 1900s are over 100 years old even though they're "renovated".

Hi Thomas,Super exciting to read your observations and amazing to have someone as experienced as you to comment REI in Portugal.All my portfolio (only 5 properties) is LTR, from the beginning (2015).

Given the owner's negligence and some indicators I observed in the building, I knew there would be areas to potentially retrade on.

Smell, listen, and observe. 

Most seller financing has a balloon, in my experience and observations.

Disclaimer: Nothing I said is backed up by data or evidences except it's a conjecture based on my anecdotal experience and observations. 

My first observation is that your acquisition costs seem pretty high in relation to the purchase price.

I never saw the inside, but I was able to find out all sorts of things by observing the outside for several days.

A big question people should be asking themselves is "how bad do I want to get in the market" and be a player instead of observing.