And if anyone who is out of state, also does the management yourself?

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.

I'm currently aggressively vetting property managers.

I work on the Property Management side of investing and we have plenty of rentals we manage in the Section 8 area (over 250+ doors in Greater Houston), I'm happy to answer any questions you direct message me for some an insight! 

I saw other Property Management Software that seems faster.

Any reasonable Property Management software will help you keep track of all these regardless of what bank you use.

Third, tenancies in room hack situations are very hard to manage.

A Pro membership gives you the tools and resources you need to start, scale or manage your portfolio.

So that's the real math.Even though you don't have room in your budget for property management services, I'd be happy to help you if possible. 

This deal highlighted our strategy of cost-effective renovations, quick execution, and efficient project management.