Generally speaking, putting real estate into an entity in Europe only complicates issues - I've never really seen it simplify things or save on a tax scenario, but that may be dependent on which European country you're talking about.Best of luck to you!

It simplifies things and doesn't materially affect cash flow. 

Even nonprofits who build basic houses with cheap/volunteer labor and donated materials are lucky to hit a number that low.My advice if you're looking to build on the cheap: Simplify your design as much as possible, reduce your square footage if possible, and choose builder grade materials and basic finishes.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

If the software is not simplifying your life or making you more accurate, you shouldn't use it.Software does have extremely helpful features like online payments, marketing syndication (click a button and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

You are not writing a sentence, you are conveying useful information to simplify your search.

Honestly I would simplify it by trying to get cash flow (include something monthly for future maintenance) to be higher than monthly expenses.

@John Erlanger I just said in other post you were making cap rate too difficult for the OP, but now your over simplifying.

I guess the advantage of Airbnb is simplifying everything, if Airbnb has "insurance" and they are paying thru Airbnb why do we need to create our own bureaucracy?

While interest rates are going to be higher, you'll also have a much simplified underwriting process that focuses on the property cash-flow rather than personal or business income.