I would guess an older home might be more cost to insure?

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

However, I'm unsure about the costs of maintaining the SL in Spain, especially cause I read in some forums that these costs can be pricey..Do you have any views on the above based on your experience?

Don't know how much renovations will really cost, again, either PM or GC conversations.  

This could make the sale more appealing by solving a logistical challenge for the landlord.Things to Keep in MindUnderwrite Conservatively: Make sure you account for all costs, including property taxes, maintenance, and potential repairs.

Let's say at 6% over 30Yrs will be about $960 per month(Principle/Interest) with the remaining  interest only portion $40K costing roughly $200 per month. $1500- $960 + $200 IS $340Cash in your pocket after everything roughly $1500-$1160-$340 which is not bad for a 100% financed deal(INFINITE RETURNS)Now, If you ran this analysis on a 1% deal as @Nicholas L. mentioned you will undoubtably end up in the red each month.All the best!!!

Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

However, your lending choice will ultimately determine the best route, as rehab costs may consume a portion of your $50,000 investment budget.

This lowered my cost basis per lot by 7k.

My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.