At the same time, have the washing machine plumbed correctly so you wont have to deal with this headache in the future.You should then go through that house with a fine tooth comb to see if there is any other issues you haven't noticed.

Dillon,You are correct about this area and Pinellas County in general.  

Just curious if the numbers look right to experienced wholesalers before I lock it in...Let's assume the property is in a healthy market area and that my ARV is correct...

Account Closed Unfortunately you are correct, you are still responsible for all the costs of the property. 

@Erwin Groenendijk, you are correct but Americans should be able to credit their taxes paid in Spain against their equivalent US taxes courtesy of the treaty for the avoidance of double taxation between the two countries.

I understand your question but the correct way to buy the home would be to use an investment loan putting 15% down since its a 2 unit (Duplex).

JaimeAs for point #2 you are understanding me correctly. 

But, on the flip side, I have also read that rents are starting to correct and go down.So, I wonder, am I making a mistake by hoping that the market will be better for investors next year?

That is correct!

Am I looking at this correctly?