Or, you can do something like a debt service loan that looks more at the income potential of the property - FICO will still be a factor, but not the other stuff I mentioned. 

When considering the purchase of a property with existing fire damage, there are several important factors and protocols to keep in mind:Assessing the Damage: Conduct a thorough assessment of the fire damage, ideally with the help of professionals, to understand the extent and impact on the structure and systems of the propertyRepair Protocols: Follow local building codes and regulations for fire damage repair.

It probably doesn't include income from the 5th or 6th unit if it's supposed to be a loan for 4 units right?

This means that the Spanish government's rental price index will force us to achieve a paltry 2.5% gross return on our premium area apartment.Additionally, the situation with "squatters" (Okupas)  is worsening in all areas of Spain, including in areas considered "ultra premium" such as "La Finca" in Pozuelo de Alarcón, where footballers and singers reside (Cristiano Ronaldo lived there when he played for Real Madrid).

There are a lot of factors that will go into your trade-up, and depending on the scale you want to go.

I've worked with investors who exclusively work with rent-by-rooms and while I can't speak to any legal troubles that have come up I can certainly say that location is going to play a large factor in the occupancy.

Management company said they had an applicant that applied and they were in the middle of reviewing the applicant and therefore if they “approve” we have to use them and then they will give us management.As landlords, we just received lease to sign and there are some addendums we want to add for our property to protect our property etc. if the management company refuses to include some of our requests for the lease, does this give us an out to not have to sign the lease???

No but they sound like at the end of their BS Highway you'll reach a Factor. 

Therefore, I believe that commission fees will be a significant factor in buyers' decision-making process.

Both of these have drafted up sales docs for the State I bought in, to include the contract up front.