Most everyone mentioned the weather and appreciation due to the weather making it so desirable to live there. 

As you mentioned, that expense range is not super helpful. 

Quote from @Violet Cobb: Hey Michael S Brown, and everyone else who has mentioned me in a comment on here.

He mentioned looking into FHA loans and after some research I see that you need to live in the home for 12 months before converting it into a rental property.

You don't mention if that's the case, but I thought I'd bring it up.You also won't be able to recognize any loss on the sale if that's the case.

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

Since you are not doing super high end finishes as mentioned, doing high end flooring and all other stuff just above builder grade does not warrant tile or full wood flooring. 

Funny you mentioned a $600K house doesn’t pencil out as a rental.

However, be cautious—newer “B” properties are sometimes built in “C” neighborhoods, so careful due diligence is required.Monroe: As mentioned earlier, Monroe strikes a balance, making it a versatile option for investors.Trends to WatchTransit-Oriented Development: Areas near light rail expansions are seeing significant value increases.Suburban Growth: The suburbs around Charlotte, including areas like Concord, Huntersville, and Monroe, are experiencing steady growth as people seek more affordable housing outside the city center.When investing in Charlotte, aligning your neighborhood choice with your goals is essential.

At no point did I specifically mention the Costa del Sol in my comparison between Southern Spain and Southern Italy.