And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.

Or maybe you finally want to purchase a multi-family complex / self-storage facility / car wash, etc.

And personal downsizing is always good for business!

Personal criteria, building criteria and area criteria will all affect the way a deal appears on paper. two 100 unit apartment complexes, one in an A area and one in a C+ area will have very different financial breakdowns and interest groups.Want to know if a deal is good (for you)?

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then.

Simplify the structure as much as possible, have clear roles and responsibilities that are not overlapping (meaning only one person is allowed to make certain decisions) and a clearly defined exit plan.

What I personally do is link the working entities with my holding which is also based in Spain.

I personally leverage, but have a large rainy day fund. 

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.