Our GC is also a RE investor and has valuable suggestions on certain products to use in our rentals (flooring etc).We are using a well established professional property management company that is locally owned and operated.

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.

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.

Perhaps they are gambling on the fact that many towns in the area have eventually done away with rent-control or have allowed renovation programs so rents could be raised?  

They were roughly 15 points higher but I think a recent hard hit inquiry lowered the number.My wife and I have a combined, established W-2 of 161K annually.No major debt except for my primary home, an escrowed mortgage of 1600/month.Here are my top two options:20-year note at 4.63% with 20% down30-year note at 4.75% with 20% downI'm leaning towards the 30-year note because I'm not concern about paying off the note faster with less interest but more concerned about getting a higher cash flow with the least amount of cash upfront.CAN I GO BACK TO MY LENDER AND SOMEHOW NEGOTIATE A LOWER INTEREST RATE?

They aren't being crazy, yet, but you need to establish boundaries so you don't get pushed around.

I know it's a gamble on if it will be enough.