The main purpose is for asset protection.

My main concern is, what if a tenant drops in a partial rent payment? 

But it really is all relative and there's a bunch more factors beyond the numbers that are important that I have no knowledge of.   

Mainly, the systems implemented are fascinating (VA, automated offers, etc.)

@Jordan ChristensenLike the previous replies, most investors utalize an LLC structure mainly for asset protection purposes.

Hi Deep / Adrià,Thanks for above posts.I am a newbie just starting out on REI path and glad to find other people interested in Valencia.I was in Valencia and Alicante cities recently and felt more inclined toward Valencia (bigger city; more diverse opportunities instead of mainly tourism in Alicante's case).It'll be great to know your thoughts about good neighbourhoods in Valencia for long term rental investment.

My market is similar as far as mainly dumpy pet friendly rentals.

I didn't factor in the extra money for selling costs of 1.5%, so I will go back and make that adjustment to my calculator.

Key factors:  a) the terms of your rental agreement (lease); b) the landlord-tenant law for your jurisdiction;c) other laws and ordinances for your jurisdiction.Do you have a month-to-month rental agreement or a long-term lease?

I'm expecting high equity on this property, so did something I generally don't do - I factored in 0% PM, which probably isn’t a good idea, but I plan on managing myself for the first year or two, and depending on the market, will either increase rent or sell.