Very excited to start this new chapter in my life, I will be working as a part time realtor for now. 

He's not going to find anyone else to lease to him with those conditions, so I wouldn't be too worried about losing him over it. 

I like you have forged most if not all my business contacts through the brokering of properties or the lending of money to my clients.. and like you many become life long friends.. 

Is it in the same condition as when they bought it a year ago? 

Having been to many of their events and knowing how this works from the back offices and so on and so forth.what I  see  is just like any other slice of life.. some get it will do good.. others no chance they don't have the personality they don't have the drive and commitment.And or they think by reading BP or paying for a mentor is all they need to all of a sudden be a real estate rock star.and at the end of the day.. most gravitate to what you see here on BP  they realize this is a uber tough business with a lot of rejection.. and they will do what it takes to buy rentals. that's why this is predominantly a landlord site.. its the easiest to understand and the easiest to implement.. not that everyone who gets into land lording is successful because many fail at it ..

I did work in RE in Spain actually, at the bottom of the financial crisis I started an investment advisory firm and we focused in commercial.For my next stage, I want to do multifamily and I do not see the appeal to do it in Spain right now (laws clearly favor the tenant and can make your life quite hard as a landlord).Are you currently investing there?

And if not, that ALL deferred maintenance will be taken care of by either the seller before closing or providing cash or they buyer in the 6-18 months after purchase.Lenders on larger properties will require that that happens.So essentially, if you leave out CapEx on your valuation you have to assume the property is in perfect operational condition.

The ultimate goal is to make 8k per month, be financial free, travel, live life, provide for myself and eventually my family. 

I am currently in Australia but have lived in the South pretty much all my life.

Be sure to check the condition of everything and try talking with the tenants to see if there is any maintenance needed.