You should do some research just looking around airbnb and other short term rental sights to see what other folks are renting their spaces for to get an initial idea of the numbers! 

I advise, learn all you can, but knowing actually comes from doing and also note, in every country like Spain though the principles of RE investing remain the same, you will have to take your time to learn local laws, culture, habits, discussions etc, that goes to help too.

I'm thinking this will fall under the same principle. 

Not to mention the other potential properties you could have purchased with that saved money from living rent free.Do you already have a property you have your sights on?

I’m currently writing down sort of a 5-year rental property plan, and I want to hear your thoughts on a principle I’m considering for risk management.

I was gonna get the 30yr due to a lower payment & pay extra on principle but 15 isn't much of a difference.I have adjusted my numbers with this, here are the new numbers with 4% closing costs but no PMI estimate for now...

We followed Dave Ramsey's principles to pay off the debt.

The result is I'm losing sight of the basics in the overwhelming number of evaluations, wholesaler phone calls, texts, emails, etc...Thanks for setting me back on point!

. $60,000 invested over 10 years @ 7% return = $120,000During the same time tenants will pay off $41,000 of the mortgage principle + in 10 years the house will appreciate ~$95,000 @ 3% per year appreciation rate. 

It was a total scam with no end in sight!