Lucy: your story shows that setting up a loan is more than just interest rate and other terms.

This aligns well with your goal of achieving $11K/month in cash flow and retiring within 5-10 years.

Everybody is different, some people like flipping, some like short term rentals, some like long term rentals. 

The reason I ask is because most deals I see on Crexi or Loopnet or anywhere else create negative cash flow under 7 or even 10 year terms with 7% - 8% interest rate.

In terms, of Great Price, Fair Price, Overpaid.2.

A local real estate lawyer or translator can ensure you fully understand the terms and conditions of the purchase.Other Costs to Consider- Closing Costs: In addition to your down payment, expect to pay an additional 8-12% of the property price for:- Notary Fees: Around 1-2% of the purchase price.- Property Transfer Tax (Grunderwerbsteuer): 3.5-6.5%, depending on the region- Land Registration Fees: Approximately 0.5-1.5%.- Realtor Fees: As mentioned, these range from 3-7% of the purchase price, plus VAT.Benefits for Service Members- Equity Building: Owning property builds equity over time, providing long-term financial security.- Strong Rental Potential: If reassigned, you can rent the property out in Germany high-demand rental market.- Tax Advantages: Germany offers tax deductions for property owners, which can help offset some costs.Key TakeawaysService members have a unique opportunity to buy property in Germany with minimal upfront costs.

I don't want to name the REIT we dislike, but if you want to talk more about this offline shoot me a DM.As far as investor profile, it really comes down to someone's individual circumstances and what they're trying to achieve. 

But if you are operating a single unit, realistically how long can you wait for that tenant to be caught up?

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).