If the vacancy is due to location, you might require a higher ROI to compensate for the increased risk.

Do you require any special insurance for the people who have dogs?

If they pay off the first mortgage and the lien and I take any cash left over I'm concerned that's going to be a hefty mortgage payment and higher balance.   

@Marcus Gomes you only need 3.5% of purchase price for an FHA loan.You can buy a 1-4 family property with that, more units the better.You can use an FHA 203(k) to include repairs in the purchase mortgage.Either buy a SFR and rent out rooms, or buy a 2-4 and rent out the other units.Both will require you to learn how to be a landlord.

It's trying to find that balancing act. 

Requires a bit more management but makes more sense given the current legal framework.Happy to chat and share info on the market if you are still exploring investing in Madrid Real Estate.

Here's the requirements:1.

Quote from @Sheila Nyandebvu: I believe the law requires them to provide a settlement statement 72 hours prior to closing, and you should definitely have one during closing.Do you have any documentation showing what rate they quoted when you first applied?

Letter from my banker of 25 years explaining how many deals we have done in the last 10 years and average balances carried in their institution.4.

And now it's not.I've heard of 203k loan but don't know anything about the requirements.