These factors contribute to long-term stability and growth potential for real estate investments. 

Investing in a property that’s already renovated, rented, and professionally managed could allow you to start generating passive income immediately without the added expenses of house hacking.What’s most important for you in this first deal—cash flow, appreciation, or long-term stability?

I agree with @Murali Jesudoss, I had pulled back from investing when things got super crazy in the last year or so, but I believe things are stabilizing and deals will start to become more attractive. 

Economic Stability and Low Interest RatesGermany is widely recognized for its economic stability and low inflation rates.

If they are seniors there’s a senior abuse government agency that could get involved.

Loan Programs: Conventional loans (>$7.5M), small balance loans (<$7.5M), lease up / near-stabilization loans, 2ndlien supplemental loans, student housing, seniors housing, MHC, green financing, etc.2.

Since the high rent properties usually involve less work.

If the partner was only a capital partner and had no involvement with the build would a 50:50 split be worthwhile for the capital partner? 

While both involve shared spaces, the way ownership works is entirely different, and it can impact your rights, control, and future flexibility.Who Really Owns What?

You have to understand the market, neighborhoods, numbers, and realize the risks involved buying houses "sight-unseen".