Strong Potential for Long-Term Capital AppreciationGermany's real estate market has demonstrated a strong track record of capital appreciation.

Part of that reassurance comes from bringing some experience to the table and a proven track record of investing successfully.

I keep a spreadsheet for each property with these Q&A recorded for all prospects. 

One year should show a track record of the tenant to see if you want to deal with anything bad or good. 

An Excel file or other detailed record-keeping system would okay, as long as it accurately tracks your hours spent on real estate activities.

You’ll pay more for tax prep, more for record keeping, more for financing but what will you get?

Quote from @Joshua Thompson: If it helps, I asked many clients this same thing and learned the clients who spend time each month updating books and records are the ones who spend less than 30 minutes preparing everything for us. 

Nothing in this Section prohibits either party from filing a lawsuit and recording a lis pendens affecting the Property, before or after the date of written notice requesting mediation.

Zillow screening doesn't catch all backgrounds, but Forewarn does and county records do as well.

Make sure to prepare a professional proposal, highlight your STR track record, and be transparent with your financial projections.