However, you can claim a tax credit on your California return for taxes paid to Oregon, mitigating double taxation.If you only plan to own this one property, consider using umbrella insurance as an alternative to an LLC.

Or alternately, are you able to find a market within 1-2 hours of you where you can be hands on?  

Alternatively, I feel that a property manager could probably rent the property out and cash flow even after they take their cut, but I am worried about the screening process and potential tenants destroying my new home.

I'm just presenting an alternative perspective.

I'm hoping this forum can help me understand what my alternatives are.

If, through the process of renovating the property, the market shifts, do you have an alternate plan for the property, whether it be to live in it until the market improves, or convert it to a rental property, etc. 

Looking at the places, they are all the "weird" kind or have some kind of alternative building practice.

We act as a bridge for international investors looking to diversify their portfolios in Europe.If direct investments in Spain become less viable due to these tax implications, an alternative could be collaborating with local companies like ours.

Alternative Lenders – Look for private lenders or debt funds that focus on asset-based lending rather than borrower experience.

Alternatively, if the bank ( assuming there is a bank) is fine with it, you could negotiate a credit and escrow the funds to be released after you do it yourself.