But with tourism down more than 50% ( 45 million visitors in 2019/ 19 million tourists in 2020).  

Hi @Young Moon, There are some good backup Replacement Property options available when a client is unable to locate suitable Replacement Property on their own.

You would be able to take all the time that you need to locate and identify suitable replacement property and then put it under contract and close on the purchase through the Reverse 1031 Exchange.  

The country has experienced record levels of tourism the past two years running, with annual visitors exceeding 76 million people (the population of Spain is around 40 million). 

Property Details:Purchase Price: $80,000Est Rehab Cost: $20,000Property Taxes: $2510Private money Loan:$50,00010% InterestMonthly Interest payout: $416.67Monthly Carrying Costs until cash out refiInterest Expense: $416.67Property Taxes: $209.33Water/Sewer: $55.00Home Owners Insurance: $80Total: $761 I plan to carry the monthly carry costs for 6 months while i have the property rehabbed/updated and suitable renters found.

The tile will come down over the flange to create a suitable gap that you will caulk at the end of this project.

It should have a clause regarding visitors and how long they can stay.

Knowing this helps you define your own strategy when moving from being passive to being active and be able to chose investments that have attractive returns suitable for syndications.I hope this helps!

If it isn't suitable maybe I should decline the data and we can wait for another opportunity to come along.

He evaluated the deal, negotiated the deal, got it under contract, advertised it and found a suitable buyer (you).