However, there’s a catch—I’m looking to partner with an investor to help provide the capital needed to complete the deal (would need to raise around $200,000-500,000).

Detroit is a great city to invest in one just has to be aware that is is a block by block city and to be careful

No one holds absolute truth, and there’s always room to expand our perspective through the exchange of experiences.I am fully aware of the Costa del Sol’s significance as an economic engine for the region and as one of the most globally relevant destinations.

Without accounting for management fees (I have not yet decided if I will try to self manage), and with planning to raise rents to typical market of $825 for each of the smaller units, and $1200 for the larger unit, does this seem like a worthy first investment? 

This revitalization lifts the spirit of community residents and it raises property values including your own.

The company is based out of Sicklerville, NJ but also works in Philadelphia, where he was born and raised. 

Not to mention, they weren’t aware of my entity information and other organizational details I’d previously sent (ie state formation, scope of work, etc.); easy stuff.

., I wasn't aware of this and sounds really interesting! 

While the economics are not as favorable for you, raising $300-$400k to buy something like a 1.2mm property will be far easier than trying to raise $10mm to buy a 100 unit.  

typically no special license is needed when doing it for hard money loans that I am aware of. there may be states like california and nevada that are tricky where lenders need a license of some sort but for most part brokers i have seen are not licensed. 14 or 15 states require state license and NMLS registration.