Maybe I should just renovate it and rent it out since it is also close to one of their biggest hospitals there (Mayo clinic).

I can pay cash, close in 2 weeks but the biggest thing selling to me it will stop the foreclosure process salvage your credit, and we can help you find a place to move into."

EU economics for Spain are the biggest threat to Spain. 

In the 10 years I have rented this property out - i have never used a property management company because it was just one property i planned on owning and I did not see the financial incentive to do so.I have also "read" and "heard" that interest rates are only going up so perhaps now is the time to re-finance but I tend to think that non-owner occupied properties will largely sit at the same rate anyway - right?

The biggest mistake new investors always make is going in with stars in their eyes and over estimating their abilities to do the necessary work.

The biggest, best RE firms in the country can't agree on markets, and sometimes get it really, really wrong - how can a guy like me get it right?

The biggest problem east of Western is the loan limits Property Type FHA Conventional 2 Flat $468,150 $543,000 3 Flat $565,900 $656,350 4 Flat $703,250 $815,650If you are looking for cash flow you are going to need to go a bit west.  

For people traveling through the southern most counties, it is clear that there really isn't much of an economic recovery. 2019 Proj Total Housing 546,9665.18%2014 Proj Total Housing 520,0092010 Census Total Housing 442,2112010 Census Occupied Housing 389,06488%2010 Census Vacant Housing 53,14712%2014 Est Median Value of Owner Occupied Housing 103,5852014 Est Median Gross Rent 6902014 Est Owner Occupied Housing 268,89862%2014 Est Renter Occupied Housing 166,97438%2014 Est Owner Occupied Housing Vacancy 2.44%2014 Est Renter Occupied Housing Vacancy 8.07%2010 Census Total Households 495,358The biggest employment sources are: government, manufacturing, health care, retail trade, and accomodation/food service.

Raj,The biggest thing about setting up an LLC in any state outside of your home state is the Registered Agent, this is where ALL legal documents will go if there are any (e.g., being sued) that have to be delivered to a person. 

I have now jumped to a more abstract approach contacting extermination companies carpet cleaning companies  and other sources that come in direct contact with landlords And have offered them incentives for leads for those who know landlords ready to sell.