Outdoor - tree removal, entire front porch demolition and rebuild.

Brad,From an Insurance standpoint, a Office building of the same value (cost to rebuild) and same construction is generally less expensive to insure than an Apartment building. 

In the end, I lost $$ like everyone else - & now in the process of rebuilding thru wiser investing.

When I was last there, the only Reconstruction going on in January 2006 were the Casinos - I assume they can afford to rebuild.

Rebuild Credit & FICO Score.

My policy is based on what it would cost to rebuild the property from the ground up. 

The mechanic who buys the car and rebuilds the engine and make repairs can certainly justify asking $40/45,000.

It should indicate the value it would take to rebuild the property in the event of a catastrophic/large loss.

As for laws, well those vary just about everywhere you go, though at least Madrid is working on cohesive federal regulation for short-term rentals (whereas that will never happen in the States), but I completely agree with your point on the good deals in high-crime ghettos angle - the concept of "ghetto" as it is in the States just does NOT exist in Spain, and personally I find that a much easier thing to work with in terms of identifying path-of-progress opportunities.Our company offers a few different things, but right now we're working on rebuilding our property management division on the Costa del Sol, targeting purely vacation and short-term rentals (we sold this division last year when we got a tempting offer and knew that pending regulation was going to greatly shift the marketplace).

Hello Bigger Pockets Family, I am just now pursuing my interest in real estate investing and decided to check my credit score and whoa.... did I find some surprises!  A lot of errors. Some thing untrue and some true. ...