In terms of what you should do with your profits/additional savings, there is a pure math answer and an emotional answer.The pure math answer is to do whatever makes/saves you the most money. 

Thanks,John Tan I would focus more on what you want to accomplish.Are you looking for a pure cash flow play?

Auto valuations such as Zillow's Zestimate are pure garbage here.

@Martin S, Those "we buy houses for cash" signs that you call BS, pure and simple, work!

If you're looking at affordability from a pure '$ value' standpoint, then South Atlanta (Riverdale, College Park, Forest Park, Conley, Stone Mountain) are going to be more affordable for a first time home buyer. 3/2 ARVs in these areas run between $240k-$280k. 

She also said etc....further insinuating there are more undisclosed issues that are not purely aesthetic. 

As a basis I look to generate $1000 minimum per month of pure cash flow (after cap ex / prop mgmt) for $100k cash invested into properties. 

Of course I say this as someone who owns their primary residence for purely non-financial reasons.

If you are looking purely for CF, then yes, I think that secondary and tertiary markets outside of Barcelona (there are some neighborhoods in Barcelona too) pr in another region in Spain may be a better fit.

It won’t make sense if we go by biggerpockets calculator/by pure numbers and there are no such properties available in our area that meet 1% criteria.