This will require a commercial loan for you or the next buyer.

BTW: most owners that have hired a PMC, don't want to speak with you, much less meet with you in person to hear a hyped-up sales pitch.Also, you want to do rental arbitrage - so, you will need to be properly licensed to manage properties you do not own as required by your state & local laws.- why would an owner want to do business with someone NOT properly licensed?

That could be a good opportunity, but underwriting of a seller-financed fix-and-flip deal requires careful analysis.

STRs do not require you to be a REP in order to take losses against ordinary income.

As U.S. citizens residing in Europe, we are required by the local tax code to hold the property in our personal name.

Most HMLs I deal with require a minimum of $10k equity (or 10%, whichever is higher) in each property.

It's a very expensive repair (ballpark $15,000) and the cost depends on how long the sewer line is.A lot of municipalities here require dye tests and occupancy inspections.

If you ask the manager to justify a fee and he starts hemming and hawing, move on or require them to remove the fee.

An office/in-person audit would require a face-to-face meeting, which you could request to have your CPA present for.

This may require a co-signer, such as yourself.