Found the deal when my local realtor referred it to me.

When considering these neighborhoods, it's essential to conduct thorough due diligence, including analyzing rental demand, property values, and local amenities, to ensure they align with your investment goals.I hope that helps.

We have a decent amount of cash to be able to invest so I'm trying to figure out what kinds of investment strategies local RE experts in Spain are doing.

You could arrange to have your cleaners accept the deliveries at the property or hire a local handyman to do same and even assemble furniture.

Networking is key, so connect with local investors and lenders who specialize in multifamily deals.

Get to some local meetings.

I know more about Phoenix living locally but I hear good things about NC especially from east coast investors.

For financing, there are programs like FHA loans for first-time buyers, and there may be local or state-level programs offering incentives for affordable housing investments.

My thought is to help him out by going in 50-50 partnership for many reasons: half down payment, half capex expense, strong co-signer on loan, me being local to investment property to take care of little things that need attentions (he will be out of state for his job/I will have PM), etc.  1. 

Since hard money eats into profits, consider private lenders, local banks, or partnerships for lower-cost funding.