Sociology is an unusual undergrad for medical school.

"Wali says his properties see a lot of “anti-establishment” foodie millennials who seek under-the-radar areas that haven’t been displayed on their Instagram feed.

I'm not sure how realistic it is to expect a realtor to be able to help with that (repair values) but having accurate comp sales and rentals for a property is paramount to establishing a property's value and well within reasonable expectations.I look back 6 months (no more) and look at what has sold and also what is listed for sale (both sales and rentals).

When we establish minimum requirements for screening new tenants, it is to reduce the chance that a tenant will be a problem and to reduce the chance they will default in paying their rent.

If he says he wants out because he is 50k behind medical bills or wants to move to another cheaper state because of this and that, yeah, that's a motivation.

Line of credit could be made after the LLC. is established but you should be able to document the $35k in the personal account and just transfer the necessary amount before closing.  

I am looking for something like 60 to 80 square meter around areas such as Eixample or Gracia which might not be the most upcoming area as they are already well established but it should not be to difficult to rent it in the other hand.As being totally newbie I am looking at everything that it is important before jumping.      

@ankit    yea, a good friend of mine has an established realtor in that area that specializes in buy and hold properties.

@Gerald O'Brien a quiet title action means that there is uncertainty regarding who has legal claim to the property, and someone (likely an investor since 1528 N Leithgow St is a 500 sq ft vacant lot, not a house) is trying to buy it or establish their claim to it. 

There is a Mortgage Recording Tax of around 2.175%So imagine you buy a property worth $2 Million, put down 20% or $400k.Then you create another lien, say $500k.That will cost you $500k x 2.175% = $10,875.Further, if you really want to make this a valid loan, you would probably create a LLC, fund it the $500k, have it establish the new lien on the property, let it get paid the Interest.Now you will have to pay tax on the Interest and filing fees for the LLC and have a CPA do your Tax Returns.That might be worth it to someone, but to me, it's a little over kill when you can just get an umbrella policy for less than $300 per year that will cover you an additional $2 Million.