The amortization of the loan by itself plus depreciation would probably bring your internal rate of return well over 15%.

Most owners/GP/sponsors just review reports and re-process internally with staff.Serving PMs and investors is a much bigger market...

Could you imagine the hell that would wreak on international markets!

Quote from @Hannah Tate: All, I am looking for some advice from anyone who has had experience investing in short term vacation rentals internationally.

Also, I do fly a lot from Chicago OHare, especially international direct flights.

Internal Revenue Service (IRS):- https://www.irs.gov/individuals/how-do-you-report-suspected-...5.

Quote from @Jon Taylor: @Pete Harper - Section 721 of the Internal Revenue Code allows an investor to exchange property held for investment or business purposes for shares in a Real Estate Investment Trust (REIT) without triggering a taxable event.

Also, keep in mind that some lender may have overlays that are more restrictive than the FNMA/HUD guidelines, meaning the lender's internal condo guidelines require more than FNMA/HUD.

If you're open to exploring international opportunities, I have an exciting real estate project in Dar Bouazza, near Casablanca—an emerging hotspot for residential and vacation properties.

Be respectful to these people but do not internalize their words.