Read that PM contract very carefully.When you go to Memphis, walk not only the property you're interested in, but several of the vacant rentals you choose.  

There's plenty of threads that you can read about and begin to deep dive on various markets.

Thanks for reading really appreciate any advice!

So you want to check that out.I also ask how familiar are you with Spanish, and reading Spanish contracts, and knowing landlord/tenant laws in Spain? 

While fees are pretty similar between custodians, read the fee schedules carefully as there are sometimes others fees charged that aren't readily discernible.Good luck and happy holidays!

Either way relax, look how other folks are doing it and read and learn. 

Well I don't know if they happen to be reading this or if it's just coincidence, but they contacted me last night and we agreed to an amount for a redemption quitclaim deed.

Now I have read some of the well off say in so many comments..

I just finished reading "Set for Life" by Scott Trench.

Give it a read, and you'll have a fair understanding of the process.