@Matthew Brown, I am not in this investment, but I would love to hear what drew you to it in the first place: how you heard of Fairway America, why you ultimately chose to invest with them and in this project?

But what I will say is that he is a disastrous relationship manager.

Analyzing the neighborhood and the asset condition is the key to projecting accurate returns. 

You'll let them break their lease and hand them cash.I manage 400 rentals.

However, consider STR seasonality, local regulations, and management demands, and ensure your equity loan and new primary residence costs fit comfortably within your budget.

Yup, property condition, vintage, neighborhood, tenant base, property management are all very important considerations. 

Especially after capex, vacancy, management fees, etc etc. 

Plus, it would be a first renovation project, and other properties we may be able to close on are huge projects.

Property Manager – This is another one I really need help from the bigger pockets community in the local area.

Rental income is subject to tax, but it is also possible to deduct many costs related to owning and maintaining rental property, including property management fees, repairs, and mortgage interest payments.Additionally, for those investors holding properties in Germany for the long-term, the country's capital gains tax law is attractive.