Even during the financial crisis of 2008, Germany'sreal estate market remained relatively stable compared to other European countries.

I would bet the solution lies in your answers to those last three questions.

Though, my main goal is to be break-even or close to it in cash flow once a property manager steps in to take over. 

Lenders want to see two years of stable income before they loan money to you.

Quote from @Antoine Black: I have a house that free and clear and I'm trying to tap in the equity can any one help  Hey Antoine, As Mike stated, your best bet is a local credit union.

Your best/safest bet would be a regular lease combined with an option to purchase.

If a property needs too much work upfront, it may not be the best first investment.4.Factor in property management costs—even if you self-manage.

If it cannot do that, it's likely to make little to no money in the first year or two.

Even high density local population areas I would not want since most don’t make that much money.  

Definitely saved a lot of money.