So he is making 10% on $100k plus a bonus of 5% on the $300k mortage that is already in place.The reason for commercial is the regulations are much more limited.

.: Ensuring compliance with tax regulations in both countries is vital.

Read a regulation or seller servicer guide once in a while and you'll know what i mean.

I read their cc&r and the only thing I found that relates to rentals is a line that reads “Property shall be used for residential purposes only”But I’ve reached out to the hoa and was told “Our HOA regulations say single family home which means No vrbo or short term rentals.”I’m getting confused since I’m fairly certain that single family home doesn’t mean what they think it means.

This seems to be a fairly common topic, but I'm curious what laws and regulations make what states more landlord friendly.

I completely agree that CA is a heavily regulated state and I’d much rather do everything by the book!

Agreeing with @Mike Lambert here that we need to have in mind that the Spanish mortgage market has been regulated more since '07/'08 and that it is normal here to pay down on deals.

We are planning on using someone local to make sure all applicable laws and regulations are followed as we understand this is not a generic transaction.

Maybe in over taxed and regulated areas like California where many people are moving away from. 

Don't forget to research local regulations surrounding MTRs and STRs, factor in management fees if you plan on outsourcing, and assess your risk tolerance between a larger, single multi-family property or multiple, potentially distant, MTR/STRs.