My thoughts below are just as a person who lived in Spain for 5 months without buying any properties in the area.Based on my initial views, it is hard to make the numbers work in Spain on a LTR.

The maximum occupancy permitted in a vacation rental unit is two (2) persons per bedroom larger than 100 square feet, plus one (1) person per bedroom greater than 70 square feet but less than 100 square feet, plus two (2) additional persons, or a total of eight (8) occupants, whichever is less.The homeowner must post the required information on the property.

Additionally, you may qualify for the owner occupant exemption if you live in a unit within a 4-plex (or smaller), where you would technically be exempt from the fair housing act, but this exemption may not extend to your individual state or municipality. 

We no issues closing in an LLC, as a matter of fact most of my lenders will prefer it (assuming it is not your primary residence)Assuming it is not your primary residence, the easiest way to do this deal would be through a DSCR Loans.A DSCR Loan will use current rents or market rents if the property is vacant and personal tax return from you would NOT be required.It also referred to as a No Ratio Loan because your personal Debt To Income is not important.What is important is that the property can pay for itself.If we keep the LTV Low the rate for this loan can be better than a conventional loan.If you ARE Living in the property and you want to keep it... it would mostly depend on how motivated you are and how willing you'd be to "postpone gratification"The best bet is still a DSCR Loan.. which means you moving and renting the property out.We can bring in Asset Based Financing that can help with cash down (if you need it) or to pay cash for another property for you to reside in.Once you're moved out we can do the DSCR Loan at a 70% - 80% LTV or we can calculate a comfortable cash flow number.For example, max cash out that will give you $500 cashflow after a full PITI payment.Let's discuss more!

I've heard good things about Oklahoma, but it is very far from CA and I personally wouldn't bet on very speculative developments across the country.

Personally, my investment funds will be targeted elsewhere for the foreseeable future. 

I am the kind of person who loves finding deals and am quite good at it but don't have the capital.

The most important thing is to interview each person and do your due diligence on what matters to you.

I'm especially intrigued with the Office Hours, and that he apparently personally coaches you through RE strategies/challenges. 

"Blocking the market" only occurs in the commerical insurance world - not personal lines.2.