Here are the specifics on our Seattle house: 5br 4ba 3,400 sq ft, built in 2019, $1.7M est sale price, $5.5K-$6K/mo est rental value, 4.0% mortgage with $3.3K monthly payment, around $1M in equity. 

Unless you are going for a specific look, there’s no reason for an expensive toilet.

Specifically, must this be a commercial/business loan type where you have higher rates and shorter loan life or is there an alternative loan type? 

Listen to podcasts, read books, and if you plan to invest in the Netherlands find some resources that speak to that market specifically.

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?

This doesn't replace the need for a MSA that will capture additional clauses needed on a Contractor-SubContractor relationship, this is just a project specific form you would use in addition to the MSA (prepared by your Attorney):This template is for informational purposes only and does not constitute legal advice.

If you need help with landlord laws, house backing strategies, or traditional MTR investing specific to New Jersey happy to help.

I would also add that you join your local REIA chapter (Real Estate Investor Association) as it will allow you to network with other STR owners and get more location-specific information. 

@Josh Otero anyone that owns the home they live in fits your posted criteria!

In terms of Peniche, it seems to match my investment criteria.