@Bill F. haha I did miss the set of O's lol My Spanish kicked in thinking mil as a thousand. 

We are just about done with a Spanish House remodel.

I actually left my software/consulting job a couple of weeks ago and was planning to work as an independent broker full-time, but found that a lot of my values and goals lined up with theirs, so we decided to join forces and create synergy.

The cool thing about having partners is creating a synergy with complementary skills and personalities.

I truly appreciate the collaboration and synergy from everyone.

I mention this because I don't speak Spanish and am worried about buying a property where I can't easily communicate with tenants.Asking Price $700kUnit Mix:  Four 2 bed + 1 bath, and one 3 bed + 1 bath.Average Rent: ~$1500CAP Rate: ~8.5%The property has been recently updated (new paint, carpet, countertops) nothing fancy but appropriate for the neighborhood and price point.On paper this looks like a very good deal, unfortunately I have no prior experience with this type of investment and "on paper" isn't good enough for me. 

I should have been working on my spanish assignment lol.

Client's info:  " The house is valued at 144,000 euros, but we would probably accept 100,000 to 120,000 eurosWe live in the countryside city of Torremendo, Spain (owners live in England) in a community of mixed Spanish and British and we have a lake behind our house with lots of pathways for walks and cyclists all around it.

I didn't read the other comments but when you are always in the trenches sourcing deals, making offers, etc , gives you a competitive edge to someone who doesn't have those synergies flowing.  

I have some ideas, but really I teach Spanish.