Over the next couple of years, I don’t plan to use the property often, but I may stay there occasionally when it’s not occupied.

Listen to podcasts, read books, and if you plan to invest in the Netherlands find some resources that speak to that market specifically.

For your out-of-state BRRRR plan, building a strong local team in St.

Hey @Megan OConnor, I can't comment on the area specifically but it is doable.You need to search AirBNB and VRBO to get a look at the competition (don't forget to look at VRBO)You have to work into your plans the downturn during the off season.

Under this rule, if you spend at least 100 hours on the property and no one else exceeds your time spent, you can qualify as materially participating.

Make sure your exit plan aligns with it, whether that’s refinancing or selling.

You have kids - do a 529 plan and max it out You will retire one day - max out your 401k yearly, IRA, Roth IRA (or backdoor to Roth IRA)You will have health expenses one day - max out your HSA From here I'd invest in Real Estate.

Is it tied to changes in the market, a response to new regulations, or part of a long-term plan?

I also have some cash reserves that I plan to dump into a contingency fund for each unit. 

What is your plan after rehab.