I had a renter that rearranged all the furniture, left everything absolutely filthy, grease spilled all over the counters and oven, food spilled on the floors and table, trash left everywhere, etc.

As you indicated, make sure you leave something in the plan for contingencies (absolute minimum of 10%), and keep in mind the cost to hold during the time it's under construction and being marketed.Make a plan, check it twice, and decide if it's worth the effort. 

I may not have explained myself clearly, so I apologize if there was any confusion.You are absolutely right that to carry out tangible commercial activities in Spain, such as real estate projects, it is necessary to establish an SL (Sociedad Limitada).

The age of a house has absolutely zero to do with it's possibilities as an investment.

As for some of the others' comments, I think it absolutely does require your action for moving this tenant out.

There is absolutely no buy and hold market in this though seeing as the jungle takes it back within 6 months if you don't do anything with it. 

There is absolutely no doubt that the business and all the business integration/goodwill of those operations are worth significantly more than just the 10 cabins on 2 acres of land. 

I can't post much publicly due to BP's self-promotion rules, but if you have any questions, send me a message, or reach out to our support team who would be happy to help.We have almost half a million users using our platforms daily who absolutely love them.

I've helped investors across the US, and with over 150 flips under our family's belt and a growing BRRR portfolio, I've seen what works - and what doesn't.Tap 'View Page' to connect.. whether you're just starting or scaling up, I'll make sure you're talking to the absolute best investor-friendly agent in any market. 

Out-of-state investing can absolutely work, but it comes with a steeper learning curve and more reliance on a team.