I recently purchased my first four unit building in Hermosa Beach.Due to the rain back in January, we had a massive leak.

For criminal record you have to use your own judgement and follow the rules for your state.

Remember when it rains it pours... in other words, occupancy will dip and in conjunction with higher expenses and lower/flat rents so its not just one metric moving. 

Over the years the side toward the house has slumped toward the house and during very heavy rains can cause seepage into the basement. 

In this case, after speaking with local real estate agents, a local appraiser, and a half dozen lenders, I think (hope) I'll get away with my err in judgement this time and procede as "by the book" as possible going forward.Regarding the insurance, everyone has stories about insurance companies trying to weasel out of their coverages.

My next visit to the property to upgrade flooring in primary bedroom about two weeks later it was raining and I noticed 1.

I think the big thing is when you have family and friend influence of getting an engineering degree to change completely to a new role kind of gives you judgement all around.

That's how you get the best of both worlds.I will defer to your judgement / answers as you are going to be more of an expert in the area and I am just basing it on spending a few months there and potentially wanting to live there in the future.Maybe I chose a wrong word when I said 'poor'.I stayed in Madrid during my time and I just based my response based on discussions I had with locals and 'high level research' on the internetIt appears that unemployment rate is high in Spain at around 11 percent with a higher rate for those who are younger.A had discussions with many where they are mentioning to go outside of Spain if they want to further their career or get a higher salary.locals have told me that it is difficult to start a business in Spain from getting approval and the taxes are higher for those that are self-employed.My personal assessment, which I think agrees with yours, it will be hard to make a rental work if you target it to locals but if you target it to outsiders, you can make it work.During my stay in Madrid - I stayed in Chamberi, Lavapies, La Latina, Malasana and spend around $60 to $120 a night mostly in airbnb's(basic rooms with basic furniture). 

You can try yourself and see if you get lucky and get a default judgement if they don't show up. 

I used to be very pro low income, but the reality is, it's hard, and most people can't take the amount of work/dedication it takes.I tell everyone, my saying for real estate "When it Rains, it Hurricanes!"