Apparently this is not offered by most major banks.

It's very expensive for Europeans to visit the US. 

I think there are other interesting options to research such as setting up a company in another European country that might offer low taxes (Estonia comes to mind).

I have heard that it is great for European guests but that's not my target market.

Most major repairs had been done.

I saw this site https://www.nobregarealty.com/buying that says:"If you are not a European National and wish to live on the island permanently, you will need to invest a minimum pf €500 000 in a property in Madeira and comply to certain rules and regulations as well as applying for the Golden Visa Program in Madeira, Portugal."

Mahogany is more of an European or local market. 

Exchange rate is favorable too and the place is also well connected to other European cities.

The strategic location view is1) It is the USA of the middle east2) Very close and safe travel destinations for Europeans and Asians 3) Direct flights to every big city in the world London, Sydney, SF, LA, you name it4) Safe haven for lot of Internationally floating money 5) Good investments in tech, healthcare, infra and education. 

From my experience, security has been good, there’s plenty of space around the pools and clubhouse area too, so it’s never loud or crowded, and the HOA appears to also cater to a broader more modern and contemporary audience, to include its Canadian, Brazilian and European guests and investors.