I Understand its in the extended stay segment, but id be a little more conservative there. maybe 35%.

The covered parking area and patios should have adequate drainage to prevent water accumulation and potential damage.Investment ForecastPurchase Price: $849,900Total NOI over 10 years: $308,782.13Year 10 Value: $1,256,336 (based on a conservative 4% appreciation rate)Annualized return: 6.30%ConclusionWhile this property is poised for appreciation, sustaining it over several years for substantial returns would require substantial financial resources due to high debt servicing costs and negative annual Cash on Cash (CoC) returns.

From a rental perspective things have gotten a little tough here with the oversaturation and I would be very conservative from an underwriting perspective if this is a straight investment. 

That's the fault of the business, not the fault of the bank.Also, Spanish banks are very conservative in several respects:1.

An appraisal is not for you, it's for the lender, so they're incentivized to be conservative, not generous.  

The assessment evaluates the home’s energy efficiency, and conducts analysis to asses the potential savings for a variety of improvements.Cost Effective Test for Newly Constructed HomesFor newly constructed homes, the improvements are cost effective when they exceed the standards set by the most recent International Energy Conservation Code (IECC) that has been adopted by HUD for new construction properties.

I find that Zillow is usually a conservative but pretty close to accurate estimate of what I can rent my units for.

However, I usually go the conservative route when comping deals (NOT based on speculation or exaggerated predictions).

Also some serious tip, if you want conservative investment with passive activity, industrial sector is good because their volatility is only 25 bps in last one year, the number of distressed industrial real estate sector is only mere 3% compare to 10-20% in multifamily and 80% in office.

However, I’m also contemplating learning the flipping business, either by working with a flipper or trying it myself, to generate a larger cash position.I’m open to the idea of out-of-state investing but would approach it conservatively.