So going to attempt something more local first. :)We definitely want to invest in true vacation rentals as well but this will be a good learning process with not as much risk to start.  

I probably dont have a good comparison as I only know/invest in my local market.

Are you focusing your efforts in/around your local market?

More relationship underwriting with local banks.7% interest, 25yr am, 20% downEasier to scale, easier to manage.

Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

Thank you again for your response and insight.I have most luck utilizing the local MLS for minimum 6 month leases under furnished rentals  

However, it wouldn’t affect investments made indirectly through a local company in Europe.That said, I believe it would still be possible to invest strategically to mitigate the impact of such regulations.

@Kris Lou Many factors go into PMC pricing:1) Locality (city/state)2) Neighborhood & Property Class (time to manage Class A < Class B < Class C < Class D)3) Property condition (slumlord properties hard to manage)4) Number of units (some economies of scale, but not as much as owners think)5) Owner expectations (some owners really want a personal assistant!)

Are you local to Richmond? 

Or his investment/local area.