The Pointe Clear Dr acquisition was financed through a combination of Partner Driven capital and strategic funding sources.

My main concern is regarding cost-basis and future capital gains tax when I ultimately sale the property. 

I plan to sell quite a bit of stock this year (2024) in order to fund some renovations and want to use the depreciation of these properties (if possible) to offset my capital gains when i sell the stock.

I borrow from private investors at 8% interest capitalizing.

If you turn it into a rental, think about the capital gains implications. 

As long as you don't lose all of your capital, throwing yourself in with the sharks could be the best, and quickest teacher.

Never buy a property with the intent of changing a neighborhood or a city unless you have capital to waste.

If you can capitalize on those early returns and recycle into another property with similar early trajectory, you will end with much more money over the same period of time.Of course, being able to harvest those gains and recycle in a tax deferred manner helps even more, so you may want to seek out syndicators that are able to offer 1031 exchanges on exit, which is definitely possible.

After we will focus completely on shorter term rentals with our capital in mainly Barcelona and some in Valencia.  

This allows you to defer all of your capital gains through a 1031 exchange.Additionally, it’s important to keep in mind that the exchange must be like-kind.