Figure out a way to narrow it down.

This is our first investment together so we're exploring financing options.Wondering if anyone has trusted contacts in private lending/hard money who are able to fund ~$400k in acquisition cost and ~$250-300k in repairs?

I would get a slab/foundation company out there to take a look at the property and see what the quote is to repair it.

Although multi-family properties is a term used more in the US and converted itself into a proper investment strategy, this is also possible in Spain (or anywhere in the world).

You can do this on foreclose properties without an appraisal.

My question is this: before the am date of the auction 3 weeks from now, is there any way to find out if the mortgage has been paid and brought back to be in good standing, hence avoiding foreclosure and removed from the auction altogether?

I will then use my current home I am moving out of as a rental property. 

We vacation for free every year, and rent them out while we aren’t there.

Any other pros or cons to this method of investing for at least getting started? 

Low out of pocket cost.