I lived in Madrid, Spain for about 8 months and I am curious if it is possible for non-residents to successfully have rental properties within the country.My concern is mostly from a tax standpoint and whether it makes sense.My research shows that Non-residents of Spain(but a resident of Europe) pay a flat rate of 19% on NET RENTAL INCOME.Non-residents of Spain(Not a resident of Europe, such as the USA) pay a flat rate of 24% on GROSS RENTAL INCOME.The difference of paying tax on Net and Gross is huge.Americans are not able to deduct expenses such as mortgage interest, taxes, insurance, cleaning, repairs, etcA pro that I can think about when it comes to invest in Spain is that overall costs are less - Mortgage rates are currently around 4% - 4.5% while it is around 6.5% - 7% in the US.Am I reading the tax law correctly?

Ineffective or Absent Conflict Resolution ProcessEvery successful group of people needs an effective conflict resolution process characterized by:simplicity to understand and remember;quickness to start and complete;a clear vocabulary.My company, Livingsmith uses and recommends the 5-on-5 Process for conflict resolution in co-living homes.2.

Their success speaks volumes however, its a bit much for me to stomach for a potential benefit. 

With the use of VRBO, Booking.com and direct bookings can all raise your chances of staying booked and being successful.  

To invest out of state successfully, focus on building a strong local team (agent, PM, contractors), automating deal analysis, and using contingencies to protect yourself.

So, WHY screw with a successful system that your able to operate without undue stress? 

I wish you all the success and please don’t hesitate to reach out if I can ever assist or support you in any way.

Context: I just moved to Portland, OR and finally decided to pivot careers from healthcare into real estate.

If you’ve got any success stories, lessons learned, or even cautionary tales, I’d love to hear them.Thank you for welcoming me to this amazing community.

Pace has built communities that work off one another to achieve success.