Seems a bit high. 

I see that choice as high risk.  

My goal here was to replace all major components and renovate to a premium level finish in order to charge market rent.By installing high quality finishes, I am setting this property up to be a low maintenance long term hold 📈What kind of renovation costs are you currently spending on your properties?

The power of leverage is the largest part of wealth building in real estate.

FPE Stab-Lok breakers (red strip across the front, often says Stab-Lok somewhere on the panel) have a very high chance of not tripping when shorted or overloaded. 

The appreciation for the property is definitely going to be long term and not short term, so selling now isn’t ideal.The property manager agreed to market it as a medium term rental, so we’ll try that, but it's new to both of us, and it seems like it would have to rent at $3700 to be profitable; does that seem too high to the folks here?  

That's a pretty high cost for an investment that hasn't paid out yet and the returns are unknown.

The STR has high-traffic, people in and out every week, and the MTR doesn't have that high traffic but its about 180 miles away and I don't want any  issues when it sits empty for a week or two. 

An incredible infrastructure of subway, speedways and high speed trains to the rest of the country had help as well.If interested in investing in Madrid, I will be happy to meet and give specific tips and be your host in Real Estate subjects.RegardsDiego Martínez León

I’ve typed in terms/Keywords like, “Investor purchasing ability”, “Purchasing power of real estate investors' ' or “Property buying strategy for real estate investors”.