We put $75K down to begin with and likely have $85-100K in equity ( depending on what non-scientific source you check since I haven't had a full appraisal done) on it.

It serves as a source of motivation for a newbie investor like myself.

The definition of “livable” or “finished” space can be surprisingly specific.In many markets, including here in Arizona, appraisers and agents generally want the space to be finished in a manner consistant with the rest of the home and serviced by a more permanent heating and cooling source.

In the northeast having a second heat source in the rental saved  frozen pipes when the electric was out for days.

I also have specifically looked into buying property as a non-resident foreigner in Spain and every source said that they would require a 40% down payment. 

@Nicholas DillonRentometer can give you a rangeZillow also can give a rangeThe best source would be to call a loc a property manager or realtor and have them also give you a range as at end of day they will have most recent and updated numbers and have a better feel for where the market is at

Bogleheads was the source of most of my formative personal finance education (for ~14 years), and it’s relevant because the SWR discussions there are typically in the 2-4% range.

Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of  a bank.

Austin is a unique beast in itself, and many property owners have an overly inflated perception of their property's value.When I flipped a property in Austin, I sourced it through a New Western agent.

This purchase will be up ~1m over purchase price after this rehab is done (3 sources: 1) purchase below value (or value add from addressing the rent issues - depends on your perspective) 2) value add from 4 class b+ unit rehabs 3) natural appreciation).