Then I put on average €8 - 10K on rehab (I have my own team).

For your situation, it sounds like a seller financing purchase could be a good fit as well but this would also have limited options and the terms wouldnt likely be great.

It's definitely possible to get a loan as a foreigner but the rates will be high(er) and the downpayment required will be as well.

My wife and I thought we had an easy opportunity for a double (baseball analogy) with a flip home in Lakeland, TN we were able to get well below market this past summer.

I am looking to purchase real estate for both investment purpose as well as to offset as much tax liability as possible. 

Thanks for that information @Charles Seaman. 

This is anecdotal information based upon the interviews I’ve had with operators across the country.

Definitely willing to go out of state but really need to feel confident in my team wherever that is.

Well, not necessarily.

Lots has changed over the years.Managing it yourself from a distance can be done, but it will require your team to be built and for you to have back up strategies if guests need attention and you're unavailable.