You'd also need to establish a budget, and secure a master insurance policy. i THINK you need to do these things before reaching out to your municipality to have it converted officially with the county or city but they would be the first ask for steps in order.i will add, this would make financing on these units a bit challenging, as in the mortgage world, at least initially, they would be considered "non-warrantable" condos.

It was all very confusing and challenging because getting free information wasnt as easy as it is now.

I’m also concerned about challenges like dealing with difficult tenants and navigating new taxes.

I am a husband and a father to 3 children.

Challenges?

Challenges?

This does pose a challenge since that real estate is a lot more expensive than if you go more west and south.

However, for investors looking to diversify, vacation rentals can provide attractive, short-term income opportunities.Challenges and Considerations for American InvestorsWhile Germany offers many advantages for real estate investors, there are also certain challenges to be aware of:1.

Challenges?

Embrace the challenges, celebrate the successes, and watch your investments transform into valuable assets that stand the test of time.