Hi,I used to have really great credit (high 700s, maybe even 800 at one point) but it screwed up because my business lost a ton of money around covid.

Prices are pretty high in St.

Their book value is low, but their value as a rental is high.

Seems a bit high. 

Anything more will be high in fees

I got the whole area mapped out based on their neighborhood grade. 

I see that choice as high risk.  

The appreciation for the property is definitely going to be long term and not short term, so selling now isn’t ideal.The property manager agreed to market it as a medium term rental, so we’ll try that, but it's new to both of us, and it seems like it would have to rent at $3700 to be profitable; does that seem too high to the folks here?  

That's a pretty high cost for an investment that hasn't paid out yet and the returns are unknown.

An incredible infrastructure of subway, speedways and high speed trains to the rest of the country had help as well.If interested in investing in Madrid, I will be happy to meet and give specific tips and be your host in Real Estate subjects.RegardsDiego Martínez León