Think about what you’d truly appreciate when renting an Airbnb, for example.

I have never purchased anything 'perfect' but all of my rentals could have been rented as they were upon purchasing them. 

However, on the renting side, we have seen an increase in inventory of days on market too. 

What will the rent be?

You can’t use the property personally for more than 14 days or 10% of days rented, whichever is more. 

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

I would only underwrite based on actual rents not proforma.

Quote from @James Jones: Quote from @Mitch Conrad: There are models where you rent to an operator but that wasn't for us. 

Research market rents, carefully calculate expenses, and ensure you have a solid lease agreement.

We'd love to escape the cold Dutch winters and enjoy a warmer climate.When we're not using the property, we plan to rent it out as an Airbnb to generate passive income.