Rates were still extremely low, which made both properties extremely lucrative with cash flow.

The carrying costs are low, but tenant was making partial payments by month 2.

Outside of that, do normal due diligence like appraisal and inspection and you're risk exposure is fairly low.

Not too bad when the inventory is low, the number of sales is low (like a 30 year low), interest rates are high and prices are high. 

Nor would I pay retail for a property with that low proforma return even though I like PR.  

If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs. 

We do Self Storage. 

.- Low Interest Rates: Competitive interest rates make property ownership accessible, especially for those with stable income like service members.- Military Presence: With U.S. military bases across Germany, local banks are accustomed to assisting service members with financing.How to Qualify1.

They are a commodity, and owners are competing directly against hotels in this space, so rents are ultra low.

You can look into low-income neighborhoods usually the properties are of lower value, but I'm not quite sure if that applies everywhere but I know in Florida I see it here and there, and if you need help looking I don't mind helping.i would be wary about REO/HUD owned properties as a first time househack.