Up to 2 to 2.5 million in Charlestons SC.. and my current 90 home project in Canby Oregon 700k to 1 mil.. this one through all the turmoil of covid and supply issues we have hit proforma of 15% to 20% but there were a few that lingered and we made maybe 5 to 6% .. but there have been some really good ones in that development were we hit way north of 20% .. 

Working horrible job, living horrible, no golden streets of opportunity found.

Mind you, with mortgage interest rates in the US being so much higher now (and seemingly for the foreseeable future), I wouldn't be surprised if LTRs in Europe would cash flow better than in the whole US nowadays (to be verified).This being said, I don't and would never invest in LT rentals outside of North America  as I wouldn't want to face unfavourable landlord/tenant laws as a foreigner.

Its ironic Brian and I's backgrounds mirror each other ... other than I am about a decade older LOLWe both have strong North bay Ties..

For first-time investors, neighborhoods like Riverside, Murray Hill, and North Jacksonville could be good places to start, offering strong rental demand and potential for growing neighborhoods.

@Dani Beit-Or  Yes, nationwide/Wall Street backed lenders offer HELOCs on investment properties. 

However, I happen to own 2 houses already on that street of older small 2/1s including the one next door that I purchased last summer in updated condition with a good long term tenant in place for $25k!!! 

Rehab is nice so I don't think that will be a concern, this is also off street parking so ones with garage will be favored more if you are priced the same. 

Owes $ hundreds of thousands to buyers who have sued him for fraud:  https://finance.yahoo.com/news/north-carolina-homeowners-cla...

Add two more bedrooms and you're on easy street.