Assuming it is their personal residence for 2 of the last 5, the best thing would be to sell it from their name.

Let’s discuss which option works best for different types of projects

I'd love to chat more about how I've set this up and help you out any way I can!

Also, the incredibly low interest rates and low yearly property taxes (depending on your location) help a bit on the cash flow end.From my understanding, opportunities exist in different cities in Spain, especially when considering distressed properties outside of inflated metropolitan areas (not to mention the alternative ways of acquiring property like judicial auctions, cash purchases, etc.). 

There are firms that operate that way, but we do not.

That way you get specific feedback from that agent as to the best areas to purchase regardless of your exit strategy.

i was exploring and saw some of the neighborhoods in kyle, Tx has school ratings like 8 and brand new houses in the range of 300K with potential rents at $2200 per month so overall making them cash flow positive. however, i am not sure why Kyle is a popular place. it is mid way between austin and san antonio but that does not seem to be a strong enough reason. 

I've been a RE developer for nearly 20 years and I guide ordinary people to redevelop communities in an impactful and profitable way.

DSCR is going to be your best bet.

I've had several wins that way; nice as it offsets those losses that are bound to happen with repair expenses!