.- If they are more reasonable you may want to accept if for now, but let them know you'd be doing regular increases to get the rent more inline with market rent.Too many newbies here will tell you to get market rent or get rid of the tenant.

Looking for help and suggestions- I want to say I have learned my lesson and now know to use a third party to hold funds.This is my first time working with a private lender/family member.

I get rid of bad tenants regularly and have never paid any of them to leave.

Quote from @Rachel Vann: Investment Info:Other buy & hold investment.

I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.

some like to fix and flip some like to hold for cash flow, figure out which you like and take it from there  Monthly...so guess rentals.

This bank will be more likely to lend given they hold the first lien. 

This should be able to be linked to a holding outside of Spain to transfer e.g. dividends, however, keep in mind that other countries will ask you to have substance there for them to approve the holding.

I'll work with an attorney to assist with drafting that.Q2: Yes, I'll talk to my CPA but we'll most likely hold the property for at least 1 year under the LLC given our timeline to design, permit, build and sell the property, meaning I should avoid short-term capital gains.  

Quote from @Hunter Hanlon Taylor: Investment Info:Single-family residence buy & hold investment.