There are a couple of points that are making Spain an interesting market to invest in:- there are still a lot of investment opportunities as investing in real estate is not as popular/exploited as in the US- prices are generally lower than in the US (/or Northern Europe where I am originally from) so the same euro/dollar earned in the US can be put easier to work and more divided into more projects- if you understand investing you will probably beat the competition quite easy because there are a lot of not well-presented properties for sale and for rent- good yields are possible with traditional and especially coliving and tourist rentals- getting financing is easy however for cash-out refinances etc you will need to become a bit more creativeAnd besides the numbers let's not forget the country, culture, food, quality of life and especially the sun (although in LA this wouldn't be something to complain about either ;-)).

The best case would be to divide the lot in 3, rehab the property and sell on its land, and then we can either sell the 2 other lots separately, or build on them and then sell the finished product.The surveyor company, GLM Engineering Consultants, threw a bid for 30K.

Cap rates on many of these small deals is more a derivation of NOI divided by what the seller wants or thinks it's worth rather than applying a cap rate consistent with the product type in a specific market to the in-place NOI.That said, NOI does impact proforma cap rates.  

I guess my question is how to go about dividing up the pie and who gets what and does what. 

I try to divide the "tasks" into no more than 1-2 week chunks.

On sale, after expenses, the shares are divided.

In this case investors (Members) continue to own their share of the LLC and receive dividents even though most or all of their money may have been returned to them.Hope this helpsNick

Dividing your annual interest rate by 12 ignores what Einstein described as the most powerful force in the universe: compound interest!

So for example if you do 75% financing, the equation will become 0.75Mc + 0.25Ye.The Equity Yield Rate is the investor's annual Cash on Cash Yield - the funds available to the investor after mortgage payments divided by his original Equity Portion of the investment.

So 12 divided by 4 is 3.