It goes without saying that you should get the lease agreements as soon as possible so that you can have some transparency into the number of occupants, the rent, any agreements, utilities paid/not paid by the tenant, parking, storage, responsibilities like lawn/snow, expiration dates, special clauses, etc. 

I'm a sucker for second chances, but you are running a business and you should stick to your requirements and not feel you need to make a special exception.  

I have evaluated it to be able to cash flow as a STR with the lender special rate, even with a conservative 48% occupancy. 

Prepare the house and take photos2.

Just be prepared to jump through some hoops and talk to a lender who's worked with investors and LLCs before.

Discover, for instance, will deposit the money for your "balance transfer" directly into your checking account, and often has specials for 0% financing for 12 months with 3% up front transfer fee, or 5% financing for 18 months with 0% transfer fee.

I have never invested in real estate, and if I get Europe, what do you recommend I start studying (legalities, policies, trends) and where can I find the necessary resources/education to prepare to look for deals in Europe?

With careful preparation and thorough investigation, your investment might be a firm foundation for your real estate portfolio.Good luck!

Having worked in and around real estate including loan side for both residential and smaller specialized commercial (medical), renovation and new construction/new build with a broker & brokerage founder (who has since retired) I know from him that in addition to reputable property managers, contractors and architects we had accountants including a forensic accountant on the loan side and a handful of real estate attorneys with one on retainer.

For instance, selling properties may result in capital gains taxes, while a buyout could have different tax consequences.Legal Guidance: Engage a lawyer who specializes in family and real estate law.