So, yes, you'll get a lower percentage of the cash flow (which isn't that high anyway for long-term rentals like pretty much anywhere in the world, including the US) but you'll get appreciation and loan amortization.b) You successfully invest in STRs and make enough money that you don't care that much about the higher taxes.To conclusion, as a foreigner investing in Spain, with a few exceptions of specialized niches, I focus on areas that have (high) capital appreciation and short-term rental potential.Hope this helps.

I added value to the property by focusing on key renovations that aligned with the tastes of Hamptons buyers.

For BRRRRs, make sure to focus on accurate ARV and repair numbers.

Just focus on the benefit!

I’m buying to improve the property, listing, service, etc so i do it right away.

Investing in your self improvement is wonderful most people do not have the mindset for growth.   

There is some future Infrastructure improvements taking place, which can/cannot impact the property ROI. 

Focus on learning the basics of MTRs, including their appeal to traveling professionals and the need for furnished properties.

You’re in a great position—just focus on finding a deal that makes financial sense!

Start small, focus on building relationships, and take advantage of Conroe’s growing market to achieve your goals.Good luck!