Up until six months ago, we almost exclusively were writing six month agreements, and six months on renewals, adjusting to market as it was going up.

Some people can not help the fact that they are having financial problems but alot of this mess is the younger people taking payments they can afford now with an adjustable rate not realizing they cant afford it later.

The source for those statements is the long term, inflation adjusted Case Shiller data.

That will give you a clue.But, if you know nothing about furnaces, call a tech.The thermostat is the box on the wall where you adjust the temp.

Germany between the wars and Brazil or Chile about that same time are cited in the textbooks.Consider what owning rental real estate would be like under the onset of hyperinflation.If your tenant had just signed one year leases, and your debt is adjustable rate, you would notice that your margins would shrink as the items that you purchase frequently (supplies, maintenance work, property management services, etc.) would increase in price.

Many regular agents who have been in the business are having trouble adjusting to the changing times.

There are quite a few rental properties there and competition can be intense.

Prices are dropping for at least 10%, for which if not already adjusted on Idealista, just know that this is happening. 

Remember to learn..DO..make adjustments.

Anything labor intensive will save you big...painting being near the top of the list that one person can do, especially since you'll be painting a LOT in every flip.