There are regular monthly fees for being a part of a MLS as well as application fees for taking the test and getting your license. 

It also produces professional reports I can share with Tenants/Landlords.

If a vacation/2nd home isn't your primary residence and you won't be visiting regularly since it has to be at least 40 miles away from your primary residence and it's preferred to be in another state, it makes perfect sense to have a 3rd party make sure the home stays in good condition and alerts you if anything happens like a busted water pipe or a tree falling on it during a storm.

I have considered reinvesting in my business and myself but I want to lower my taxes and be able to produce income while not working or minimal work ( maybe 20-25 hours a week ) .

Pay the $60K tax and bank the $250K as operating reserves.That would leave you investing around 1.1 mil in producing assets with $250K of reserves and no tax due. 

Or check the events section from time to time to see regular groups might exist and you can inquire about a FB page or other communication platform. 

I expect in 12 months when a vaccine gets produced, the economy will get back to normal.Unknowns is if CoronaVirus spreads to other countries.

Are you holding and needing regular financing?  

HOWEVER...if he holds onto it long enough, it will produce a profit.Real estate is only worth what it's worth to you based on your goals.

Depending on the rehab 30-90 days.Rent - Select a great tenant - the property is now a producing assetRefinance - I always use local banks.