For restaurants, rent should ideally be under 10% of gross sales, so I believe $5,500 a month is fair.The seller doesn't have a rent roll or strong financials, and his tax returns are 50% lower than his claims.

DSCR loans are really not ideal for first time investors.

I want to redirect to the ideal that real estate is based on local markets. 

Ideally, we'd like to buy multiple properties this year and do minor cosmetic work if needed but since we're all remote, we can't do any flips.

talk to the dept of health first (records requirements etc), establish what upgrades/maintenance required, line up a reliable repair/handyman/type person, consult lawyer, and then make your offer, see if you can buy the land it's on via lot line adjustment (ideal scenario). a lot to be aware of, such as system upgrades or county code changes bringing in the requirement to add metered connections to an older small system, for just one example.Otherwise- owner doesn't want to manage, I doubt you really do either but could be wrong. 

very interesting forum , i happen to have some clients willing to sell medium sized hotels in Seychelles islands and also some property ideal for resort development.

Ideally, want to replace all of my income, but I'll start small.

This person should ideally be familiar with real estate investment strategies and flipping houses in particular.

I'm also hoping to find something that is ideally under market value that needs cosmetic upgrading so there is some value add.

Of course I still need to decide which part of the country I plan on investing in (it's possible I'm moving around the country frequently in the first year, so that is making me think about the most ideal location for an initial investment).Once established and with a track record in Spain, I plan on making my first investment here in the US, most likely in the Boston/MA area.In any event, I'm excited to connect and learn from those in this group.If you know anyone with international investment properties or contacts abroad, especially in Spain, I would love to connect!