.$8,000 would likely go away in closing costs.

With down payments, improvements, commissions, title work, holding costs etc....

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

However, I'm unsure about the costs of maintaining the SL in Spain, especially cause I read in some forums that these costs can be pricey..Do you have any views on the above based on your experience?

Maybe that is gross profit when you sell it, but what about the cost to build it?  

@Fabio CattolicoFrom my experience, balancing career growth, cost of living, and real estate goals is a smart move.

For those who’ve used it, what strategies or sources have worked best for you when covering the difference between your loan and the total project cost?

The total cost including construction and permits (but excluding the land) comes to about $2.14 million.

It hurts the tenants ability to find another rental, nobody wins, and it takes forever costing you money. 

Whether you're curious about cost-effective renovations, navigating building codes, or optimizing a property's layout, feel free to reach out.