As I walked into the kitchen, I was shocked to see that she had left their wedding cake, uncovered, out on the counter - all weekend long.

Couple that with an interest-only note to lighten the immediate-term financial burden of the investment, we are really looking at an interesting long-term phenomenon.Now if we are to layer in a light "face-lift" into the equation, we could walk into 10-20%+ equity out of the gate.

Also, you must have a trusted member of your team walk it. 

The PM should have done a walk through AND taken photos after the last tenant moved out and again done a walk through with the new tenants.

I'm in California now myself but I lived in Mississippi for 20 years and bought all my properties during the recession and nearly all were in walking distance from my own house. 

The process in Germany takes a good 8 weeks to fully close on a property, and you'll want to use a good real estate agent to walk you through all the legal steps. 

With a few month's before some note's expire they send notice unto their regional lender inviting lender into a negotiation of consideration because there intentions are if a mitigated arrangement can not be meet, with market rate offerings on debt not tenable, there going to walk away and exercise strategic default. 

Hey Mark,I would speak with your insurance agent as they should tell you the requirements - fencing around the pool, gate with a locking mechanism, etc.I personally own a rental with a pool and the insurance agent walked my rental to ensure it was acceptable. 

Trust me I ran the numbers and after talking with one of the property mgrs, don't walk...

Your goals need to align with whoever your potential investors are.I would schedule a call with a securities attorney, such as @Kim Lisa Taylor to walk through your structure, returns, and business plan, especially if this is your first syndication.There will be demand for your type of deal, especially investors who want a flight to quality in this part of the market cycleGino