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

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. 

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.

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

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. 

Would not advise doing your own walk-thru.

Did a contractor walk this property with you as well?

Is it better that the seller's mortgage gets paid (by someone else) and the property turned into a rental or should the seller simply 'walk away" and stop making payments and the property become vacant ?