A lot of buildings don't have a carrier willing to insure at all.

I would do the shower renovation first, then take the cashflow and stash it for a rehab after this tenant leaves. 

In Berlin, rental arbitrage has been very profitable, with average annual margins of 25-40% after all costs but before taxes, so shifting to a market where arbitrage is barely breaking even is definitely a reality check.Given your experience, would you say the best way to enter the market now is through purchasing properties with financing?

The Landlord will verify that the rental is empty of all personal belongings and trash and that there is no damage beyond ordinary wear and tear. 

But for the last 3-4 years local residents have decided it was cheaper to just take the groceries. 

Take any of Professor Chance's courses that you can.

Hey Llamier, congrats on taking the leap!

There are a good amount of investors on here who could take down (including myself) a portfolio of rentals 

Take your time and look for other financing strategies with less risk.

Hey @Erika Andersen I totally hear you in wanting to save some money and taking on the task yourself.