.: I’m currently renovating a rental property and exploring ways to manage costs without compromising on quality.

You’re absolutely right—speed is such a critical factor in securing deals, especially in a competitive market.

However, I'm unsure about the costs of maintaining the SL in Spain, especially cause I read in some forums that these costs can be pricey..Do you have any views on the above based on your experience?

You will also need about 6 months of reserves deposited in a traditional financial institution rather than a crypto account.The next step is to find the target property and calculate the acquisition costs and costs of construction along with the after-repair value. 

I would guess an older home might be more cost to insure?

Looking for something with low acquisition cost, and meets or exceeds the 1% rule.  

My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.

We abated the walls, and that added $10,000 to our costs.

A post on recapture.People are concerned about recapture when they cost segregate their improvements and for good reason.Recapture is real, and those deferred taxes will need to be paid.But fear not!

For a conventional loan, you can borrow UP to what you paid for the property plus closing costs OR 75% of the appraised value which ever is less.