Should I flip the first home, do a BRRR strategy of some sort on it to get more $$$ for another property. 

For my policy, the interest is equal to the dividend rate (at worst), so it nets to zero. 

Do your research, develop a plan for the worst-case scenario, then give them notice.

We of course could build an internal manual process with a virtual assistant of some sort, but I want to see if anything exists. 

yes, @Erwin Groenendijk:, I think banks are not as easy to convince for these sort of operations for individuals, but I want to explore all options like using partners (individuals that could and are willing to apply for mortgages) and other posibilities but using my company or creating one is not out of my options.I am not sure there is any current meet ups in Madrid, I have searched and not found much, I will keep searching... good to hear in Barcelona you have monthly meet ups.

That said, we're not overly familiar with this market, where to look, or what sort of funds would be required to allow a rental to work.Again, some sort of house hack and MTR strategy would be great but open to suggestions.

But then again maybe the person has some sort of safety net for the dog, meaning a relative with a farm or something that would take the animal and your renter could stay.

In general they are going to have an accent of some sort so just having them call to test for good numbers and then you making the actual cold calls is a good idea.

An investor friendly agent can do all sorts of helpful things, like setting you up with a search for properties or connecting you with folks who have recently done deals like the ones you want to do. 6) Consider analyzing a deal or two in your local market, just for practice, with a free use of our Rental Property Calculator (or other calculators).

The worst they can say is No and you can continue business as usual.