I am estimating the note would cost 2.5k per month at most. 

Finding deals outside of California can definitely open up new opportunities, especially given the cost of living and market dynamics in the state.When looking for properties in other states, consider focusing on areas with strong rental demand, economic growth, and population increase.

First question would be: what is the cost per kwh vs cost per gal of LPG?

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?

You'll likely also reduce your cost of living by moving to a stabilized apartment.Depending on the cashflow and debt paydown, you can use this strategy until you've built enough equity to reinvest.On the other hand, getting into a multi-family after refinancing will also help you build substantial equity to rinse and repeat in the coming years.

Or if you want a lower monthly payment, then do the 20% down.You can also negotiate credits with the sellers to use towards your closing costs or rate buy down.

The catch was that it would cost me $7k.

If you haven't already, read "The Book on Estimating Rehab Costs" by J.

The very tragic LA fires have generated a lot of discussion about insurance costs.

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