The U.S. market can indeed be complex, especially when considering international factors like taxation and financing.While I'm not based in Germany, I do work with a number of out-of-state and international investors who are interested in the Indianapolis market, which offers strong returns and more approachable entry points compared to coastal U.S. cities.

I disliked him when he was a democrat too (which he was for most of his life, he was a major donor to the Democratic Party throughout the 80’s and 90’s then switched parties 5 times, talk about a flip-flopper). 

It’s great that you’re considering the U.S. market, especially with your wife’s ties to Ohio.With a budget of $150-200k, you have some solid options, especially in the Midwest where property prices can be more favorable compared to coastal markets.

The liens start out at $5-6,000 dating anywhere from the 1970's to late 1990's, and usually bear interest at 10-14%.  

Perfect STR market for people "cutting back" from Carribean/Mexican/US Coastal vacation trips to drivable, more affordable trips from Houston/Austin/San Antonio (even DFW). 

My concern was small single person businesses are subject to robberies which occurred frequently in the area in the early 1980's.The building was built in 1890 and NYC established building codes in the 1920's, and someone owned it all the while passed and my dad offered to purchase it but was beaten to it by a flipper who got it for $23K, and he bought it from the flipper for $25K.

Every extortion attempt I have experienced in Baja has happened North of Ensenada.Beyond Ensenada are cool things like wineries (I do not drink wine), La Bufadora and its blow hole, great little fishing villages, Gurerro Negro and Scammons Lagoon (best whale watching on earth), San Pedro Martir (least visited forest region within a day of San Diego and has the twin Picacho del Diablo peaks and the national observatory), numerous Missions in various degrees of condition, hot springs, party towns (San Felipe), surf towns, snorkel/diving (anywhere in Sea of Cortex in Baja Sur), Sand Dunes (Baja races), etc.My worse theft south of Ensenada has been some bottled water.So the question is why Rosarito? 

I file jointly with my wife (both have W-2's) and I have one rental property that is under my name.

DSCR should be in the 7's and possibly even the high 6's if it qualifies.

But statistically, how many actually CHANGE their lifestyle so that they actually pay off those Credit Card/s? And