I love the concept especially given the need in your market for storing things like snow machines, boats, rvs etc, but also for repair or general "fab shops".As long as you are seeing the demand in your specific market for these spaces, and perhaps its worth getting some leases signed up prior to breaking ground but thats a personal preference thing, I think the numbers look promising if the use case is there.

Most foreign buyers are high net worth individuals who want to park their money there in a safe haven and they don't need BP.No restrictions apply to American buyers in the countries they'd generally want to buy, including those mentioned by Federico and many other popular countries.When it comes to Spain specifically, some more conservative banks will ask you for a 40% downpayment (that would be the maximum) but that isn't the rule.

You might as well put a vacant sign out front.Let's say your record video of someone stealing your furnace and hot water, what are you going to do? 

It's always worth checking recent reviews to ensure you're getting someone who can move at the speed you need.A quick Anecdote: I had a friend who went through a similar process recently.

If I do the renovations, probably a bit more, though I’m not sure how worth it that would be.

So more than worth it. 15-20% for STRs.

Always talk to your CPA to see if you qualify.That said, the benefits are definitely worth it if you do.

Try it once and see how long it takes then make the decision on how much your time is worth after.   

Generally, this type of counseling might have a little fee to it but it's well worth it if it protects you (and them). 

Also the value (in this case) is determined by the NOI, so assuming it will be worth 2x, is assuming your NOI is thru the roof (which is can be, but it's not likely in the first 5 years).