However, I have the feeling that the refi part would be a lot more complicated in Spain.

I'm also looking at properties in Alabama and Indiana, but haven't pulled the trigger yet due to personal complications. 

Austin has seen some decreases in rents as supply has surged, CA and WA have complicated landlord laws.

Hey @Beth Anderson, I wouldn't complicate it too much since you are just starting.

It generally just complicates things.

More can be found out on the IRS website The Cost Segregation Audit Techniques Guide3.

The best way to do it is when you actually live on the property, ie. a double/duplex, or just renting rooms in your home.It's an entirely different set of skills from long term rentals, but I disagree that it's significantly more complicated.

If you do decide to invest in Florida, it's a good idea to enlist the services of a reputable property management company to help with tasks such as screening tenants, collecting rent, and property maintenance.It's important to manage risks when investing in out-of-state properties because it can be more complicated and may need local support from property managers, contractors, and real estate agents.

Complications:-The condo would not cash flow if rented out.

I obviously gets complicated if the splits are not 50/50.