Mistakes I see people make is they plan on living there a short time and over renovate the property where they will never get the money they put into it back. 

I don’t have a loan on the property and hold it cash, but, if I sell it would lend the profits as hard money and earn 10%+. 

Most landlords wait for a problem to land in their lap, then they waste a ton of time thinking, worrying, researching, and bleeding money before they ever take action.

If you had also spend money on renovations and improvements while occupying those should have gone into service then as well. 

@Olivia Blake how much money will you potentially lose by strong-arming a tenant and then having them break the lease early - or even just not renew?

And even a good PM will not watch your money like you do.

Sometimes, we tax professionals can save you a lot of money or save you from a major problem.

Yes, Spain is one of the countries in which banks will lend to non-residents (they generally don't) but Spanish banks are much more conservative than US banks so it's more difficult to qualify, especially if you don't earn W2 income.

Will this be a good investment time and money wise?

Wouldn't it make more sense to raise money privately?