The rate will also be lower than either of the two previously mentioned options. 

Eats up time and money getting rid of a bad tenant (not to mention possible property damage). 

@Jorge Caceres I don't normally monitor for open windows but had another tenant mention it after which I did.

Your mention of using GRM as a first pass and then diving deeper into cap rates and IRR is exactly how I’ve seen some of the sharpest investors I know operate.I had a buddy in Chicago who bought a four-unit last year in Pilsen.

I am not really interested in taking the land to any of those levels.The course I mentioned gets into some of the next level.

As you mentioned, if by the time I reside in Spain, it'd all be taxed through the Spanish tax system, it would have serious tax implications.  

As mentioned above, advertise in more places (Booking.com, Airbnb/VRBO,  Zillow, Furnished Finder, etc). 

When I mentioned I wanted to come out to Spokane to see the finish of the house out there and be there for the open house, he started insisting that I totally demo the entire house in Indiana.

., so I don't truly screen the guests like you mention.

Anthony,You would be surprised by using some old school methods like simply writing a letter like you mentioned.