The U.S. market can indeed be complex, especially when considering international factors like taxation and financing.While I'm not based in Germany, I do work with a number of out-of-state and international investors who are interested in the Indianapolis market, which offers strong returns and more approachable entry points compared to coastal U.S. cities.

My guess is they are also making money off the international students charging them room and board. 

IMHO Have campaigns for phone text email follow upHave a phone system Have a text system Have an email system Have chat both external and internal Have webforms Have RVMHave conference roomsHave file storage Have a CRM attached and seamlessly churning data  I use calltext.com however I also own it. 

Global Property Guide is a great first resource for international real estate investing, @Brandon Camarillo.

3) Internal vs External (In-house service teams vs Outsourcing: AM, PM, IR, Back office, Operations)4) Does the Sponsor prefer a single market?

With this being a buy and hold I am tempted to go in and do the full gut and fix everything up to current standards even though it's not required.

I have a friend who works for a well-renowned construction company in our town who has offered to be our general contractor at a discount (only charging us 8% vs. the standard 15%) and "teach me the ropes"/make the right introductions so that I can repeat this on my own in the future. 

A combination of lack of infrastructure partnered with historic highs in population growth specifically in new international students pouring into the area to attend Cape Breton University, has presented less then a 1% vacancy rate on the island. 

@Stepan Fedetskiy section 8 can be good option if you have a good PM who maintains the property in good shape all the time as per the needed standards. best part is govt pays a portion of the rents so you dont have to chase tenants, downside the upkeep of the unit will eat up appx 20%. so its little tricky..sounds good on paper but when you go through one you will get an idea. i had 4-5 section 8's , 3 of them had no issues, but 1 of them had lot of issues and ate up all the profits.  

If you where going to be able to recreate the orginal layout, you would of been able to do so by the clues left behind by remaining framing, be it the "honey" holes where the toliets once where, the sizes of the holes in the joist would indicate what pipes ran where be it hot and cold supply, toliets, showers and other industry standard tell tale clues.