With a low 4.75% rate but minimal cash flow ($50–$125/month), your equity could likely work harder elsewhere.

It’s on a quieter street, low income area.

say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash. 

Yes, Spain has a wealth tax but it's above €2 million taxable income and the rate is low so it's not going to kill you.3.

I would say that the value he brings is finding the deals, doing an initial diligence, having a local team set up for renovations/repairs/property management as well as knowledge of the neighborhood.

Maybe, but so far the reports are about neighborhoods where people have real money.

B- area or less, the sign notifies the neighborhood thugs that the house is vacant. 

For example, intro's to people here that can help you with certain specialties, planning, feedback on neighborhoods, financing of course, etc.

A a low-temp sensor be added for you to be called if the temp falls below 55º ?

I have seen this range from as low as $100 up to $300.Do I need to pay anything before sitting at the closing table?