Remember, if you have to carry a gun to collect rent, you made a bad investment decision.

Usually higher returns carry much higher risk.

You still have to run comps on everything, determine construction costs & estimate ARV, carry & commission costs, etc to make sure that deal in that market makes sense.

Also how much pet damage insurance I should ask them to carry or do I just need to make sure their renter's insurance covers pet damages?

The layout gives you a good flow to carry the conversation with your investors.

Hi Randal, one of the problems are the loans, when investing in Spain 20% DP is required at the very least.2nd The majority of the Spanish houses are condos so they all carry HOA fees.3rd Demand is an issue, Spain is losing population due to the crazy high unemployment rate, young people are getting out for better opportunities.

So diversification of asset classes with alternative uncorrelated assets is probably wise, and perhaps carrying lower leverage on STR/LTR going forwards. 

I've never been to the former, but I'm in Detroit a lot.I've never felt the need to carry a firearm and I don't feel unsafe in really any areas.

If this isn't a separate dwelling unit you can't take losses from the rooms / space you are renting and use them to offset non-passive income (Section 280A of the tax code)Rental expenses are limited to the amount of your rental income and the balance of rental expenses is carried forward. 

The new property is the tax shelter that can take some of the burden off of your carry over year to absorb some deductions.