They bring higher tenant turnover, limited cash flow, and attract traditional tenants who aren’t your ideal long-term buyers.

Quote from @Aj Green: Hey,(Posting again as I sign today so it is urgent)Is there any cheaper lender than a 6.75% for an Ohio investment property.No brokers fees, 110k, no points, 760+ credit score, 20% down, 140k value, no realtors, single family, rent covers mortgage, 30 year term fixed.Thanks for the help!

If you plan to live there in the winters, you might have a hard time doing long term rental outside of that and finding a new tenant every summer.

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

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.

Ok, so kitchen and bathroom updates.Would you be willing to explain the 70% rule in layman's terms? 

We also have installed SimpliSafe (and signs about ongoing monitoring outside of the property).As someone else mentioned, it is best to have a plan not to go long stretches without checking in person.

I would only recommend moving on this if you are comfortable owning it for the long term.

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.

It has had higher appreciation than nearby towns since the pandemic and you should be cash flow neutral or slightly positive day one as a long-term rental with a 20% downpayment.Note that zillow and other websites greatly understate your property taxes.