Is it risky , yes, is it profitable, it can be very profitable, but learn how to reduce your risk.

It's pretty one sided.During their "inspection period" they will list everything wrong with the property, "real or imagined" and try to get you to reduce your price.

@Orane JacobsHouse hacking is a strategy that can reduce living expenses and generate rental income, potentially enabling investment in more properties.

You can do first-time home buyer programs that will reduce the amount of money down, or you can take some money out of that property your dad left you to make the numbers for an investment work for you.

Regarding the mortgage terms, you could either get a flexible loan (not very common) or a 5 year fixed mortgage to reduce the penalty (Vorfälligkeitsentschädigung) when selling the property before the loan ends.

Another strategy we might also implement would be house hacking that next house, to reduce how much cash flow we would need.Thanks!

For every $1,000 above the minimum that the tenant decides to initially “put down”/pay toward the Option Payment, reduce the monthly rent by $50 and increase the monthly rent credit by $50-$100.

In theory this would hopefully reduce my monthly rent costs and my payments would go to the new 2nd property to build equity.

So, I make more money by reducing vacancy/turnover and having fewer tenant issues more than by collecting additional income from the pets. 

This prevents them from reducing rent, signing new 5-year leases on tenants you didn't want to keep, or other shenanigans.4.