First, it is necessary to achieve favorable financing terms and  secondly, I do believe cash flow should carry most rental properties with limited exceptions.

I completely understand that the Costa del Sol carries significant weight in global tourism and international investments.

Back in 1978 when I was starting my real estate investing career I purchased a SFR for $55,000 (its current value) with $5,000 down and the seller carrying a 30 year mortgage at 5% interest.

I ONLY carry performing debt, debt that pays me to hold it.

A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.

We try to limit as much risk as possible while reducing the capital carry. 

It was carried out through zoom so it was very convenient- The employee that I had a meeting with was really professional and nice.

How much interest will you pay on the HELOC while carrying and paying down that $3000 balance during this process?

Assessing brokers based on their transaction history and success in the market carries more weight than simply focusing on the highest price offered.

Carry appropriate insurance (property, general liability and make sure you are listed as additional insured under tenant's renters policy and 3rd party vendors).