This also costs 200-300 EUR depending on what's included.

Lenders often include a portion of the cash flow in the investment property as income to you personally to offset the DTI. 

The risk is not including due diligence caveats in your offer, like inspections.   

However I have done them in multiple States including Pennsylvania and South Carolina, and what I can say is that it is a tool in your tool belt. when you come across a deal that makes sense to make this type of offer you can do it. the laws in your state make it difficult for you to do these types of deals I suggest either don't do them or pick a virtual market in which you can do these types of deals.

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.

I work with new investors all the time and have to get past newbie investor puberty which include Shiny Object Syndrome and  the mindset that this business is Quick Money with little to no effort (thanks to Social Media). 

There is roughly $20,000 left in rehab including windows, floors, a new kitchen and bathroom. 

You should track your own units expenses as well so when you move out, you can quickly reclaim any expenses or depreciation you built on the personal unit when converted into a 2nd business unit which would then be included on your schedule E.You also write off half of your property taxes, insurance, HOA dues, or any shared expense.

I've calculated the IRR that includes appreciation, pay down, net cash flow;   a batch of my houses in a high appreciation area i earning 60% IRR (modifiec)/yr.  

An alternative could be including photos of plants in your design.