@Drew Sygit Cool thanks I'll look into DSR loans! 

Some of the logistics are fuzzy as we would have to travel there regulary, get to have a great understanding of the cultural differences, build a 'team' of people as there are no Home Depots on every corner, but for about $50k US, you can own a pretty cool place in Italy.Best of luck to you!

When we first get down there it takes about a day for the air conditioner to cool the inside down. 

Essentially you are creating future tax free income by being able to roll over these losses.If your income is between $100,000 and $150,000, a portion of that $150 loss is deductible and the rest rolls forward.If your income is less than $100,000, your loss is fully deductible - and THAT's the cool thing about rental income. 

Super cool!!

It’d be really cool to get experience seeing how this process and these investments work. 

The cool thing is you have multiple strategys and just because you choose one, does not mean you cannot switch to another one - maybe one fits your short term goals and another one helps down the line with long term goals.

HOWEVER, it's primary appeal is affordability rather than being a great or cool place to live.

@Madeline Walsh very cool!

The cool thing is that you can do both.