People are being more cautious with spending as stimulus money is gone, cards have high balances, many folks are losing their jobs and inflation prices are very high.

While rents increase gradually each year, mortgage payments remain the same.

But as to remaining profits - after those expenses and monies owed on the property are factored in, any monies distributed to you would count toward what would be taxed.  

Water charges are lienable and will remain with the property if the tenant fails to pay.

For example, if a sell a property for 130K, but want to buy another for 65K, can I use the remaining  65K to put towards a 2nd property and still qualify for a 1031?

I would look at historical and not the past five years as we were in a balloon. historical appreciation is around the same as inflation 2-3%. 

Stay informed about industry news to remain aware of changes that could impact your investments.Finally, be prepared for risks.

What's great is after 1 year of your first purchase, you can purchase a new primary home and move into that one, with your remaining entitlement, having 2 VA loans.

Also, the incredibly low interest rates and low yearly property taxes (depending on your location) help a bit on the cash flow end.From my understanding, opportunities exist in different cities in Spain, especially when considering distressed properties outside of inflated metropolitan areas (not to mention the alternative ways of acquiring property like judicial auctions, cash purchases, etc.). 

I just want to make sure the house will remain standing for the long term.