If he must attempt to get the low interest rates of 2021 on this deal, I suggest that he instead look for assumable loans.

Unfortunately, Covid decided to change my plans, and I made the decision to hold off, in hindsight it was a huge mistake and no one could have imagined that property values could have increased at such a high rate.

Fellow attorneys rate him 1.5 or 2.5 out of 5.  

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Some costs MAY qualify as startup costs if the rental rises to a qualifying trade or business level under 195 as well.

But it is constant rate oversite... 

I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?

Market insights and understanding the rental rates in the neighborhood.

The deal doesn't work as well with higher interest rates.

We are also seeing an increase due to the lower interest rate debt out there in a higher interest rate environment.