This person was in a position to know, but that does not automatically mean that it is true.

I personally walk through the houses..

Note that they were sub-1% during the COVID era, which is what allowed many delusional syndicators and funds to raise money for properties that were doomed to underperform.So ask yourself this as if you are in their shoes: you could invest in T-bills to get a guaranteed 4% return, then what is the premium I would require to invest in this person and their commensurate deal?

We found out the sellers were highly motivated due to personal problems so we were able to negotiate some of the closing and we able to get into this house with little down.

I'm not familiar with how European real estate transactions work but personally know I would feel a lot better if there was a third party involved holding the money

Your comment says a lot about the type of person you are.

So definitely shop around and don't just take one persons word for the full picture of what is out there for you. 

Personally, I would only purchase for STR right now on either very unique/special properties or on those that also work out as LTR.I am a licensed REALTOR who is investor focused.

I purchased a Lifesmart LS350DX 5 person 28 jet hot tub with an ozonator.

Personally, I'm also seeing a wide range of quotes now from different carriers.