There is a 'comp' listed for $200,000, but it was sold as-is and needed great repair.

Washer/dryers are often abused, so there's the initial cost of purchase and the risk of increased repairs.

Quote from @Neeta Agrawal: For context, we gave the tenant a 60-day notice for non upkeep and no repair communication in 2023 and then extended it for 30 days upon his realtor's request, setting the move-out for May 31, 2023.

There are still a ton of roofs with blue tarps needing repair/replacement and some debris sitting curbside.  

. $6000 repair. 

I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?

If you can stomach the negative and any repairs for the next 5 years then long term wise it'd be worth it.

So repairs are done at a fair price the same day/night.

It's what you paid, minus the value of the land, plus what you spent on long term repairs (roof, furnace, etc.

They offer SFRs across the country (1031 eligible) that are fully triple net lease - meaning there's no costs to the homeowner, no vacancy liability, no unexpected repairs and maintenance, NOTHING.