A good option too (if you want to go the passive route)... you could divide $2.2m up into $50k-100k chunks and choose your favorite syndicators on this lovely platform, invest and see who treats you right!

Fees are subject to adjustment as needed until County accepts roads for maintenance. 5. in perilous circumstances road clearing and repair will be divided equally among all property owners6.

When I see places like that I get tempted to throw up a door to divide the living spaces and make a couple of units out of the one.

Finally, I divide that number by the amount I have invested (down payment + closing costs + any upfront repairs, etc.) to calculate the COC. 

Since buying down an interest rate is a guaranteed (zero risk) investment - unless I were to sell the property - my opportunity cost of capital is very low, say 2-3%.I don't think you are looking at this correctly.Your overall cost of capital is normally divided into two parts: cost of equity, and cost of debt.

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.