Even the best property management companies (PMC) struggle with:- Finding reliable handyman and contractors (ServiceTechs)- Same with affordable ones- Tracking preventive maintenance- Tracking previous work for potential reoccurrence warranty coverage- Understanding tenant reported problems, so the correct ServiceTech can be dispatched- Determining if tenant is at fault for an issue & should be charged - and will proof stand up in court?

So, if you're a US citizen and you move to Spain, you'll have to pay taxes in both countries.

In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

The IRS considers a rental property "placed in service" when it is available and ready to rent, not necessarily when the first tenant moves in. 

I guess there has also been talk of moving some government entities out of Washington, like the FBI.How does all that factor into your analysis?   

We do have a property management company and even with our experience with LTR's, just no way we could effectively manage this home without local property management. 

If your friend is unwilling to pay that then move on.

Do they want to move?

Insurance companies do not like Federal Pacific electrical panels.