Long-term tenants provide consistent income and fewer turnovers.3.Long-Term Growth: Germany’s real estate market avoids the volatility seen in other countries.

Property management provides all of that.

However, I also want to be as prepared as possible, leveraging the guidance of those who have successfully navigated this path before me. 

@Brett RiemensniderYou don't need to provide anything to your tenants tax-wise.

Are you just using a number like AirDNA provides or have you dug in and found comps? 

I would be very careful in working with a 1031 Exchange Qualified Intermediary that provides ("sells"0 replacement property solutions as part of their services. 

I believe they're almost 8% with that program currently but if it provides an entry point, you should consider it!  

However, I have heard and read of many horror stories of landlords working with incompetent property managers who provide no real value.In attempt to avoid this issue, I am doing my due diligence and asking investors for referrals of trustworthy property manager.

Each grouping had a common room (perhaps it was shared by multiple groupings ... this was a detail I missed) with a nurses/aid workers office.Central to the two sides of the complex were common facilities such as a dining hall, gym {perhaps a pool ... another detail I missed}, theatre &  games room.With one of the fastest growing groups in our society being single people, we are examining a related idea of a  complex / building providing a modest-sized 1-bdroom "apartment" with more semi-private and common amenities.When I read the title to your thread, I thought it was a project proposing to mix students and seniors into a single complex ... and came in thinking, this ought to be interesting :-) 

With investment properties, most lenders I work with prefer to have an address to work with in order to provide a "soft" quote, which does not include a hit to your credit.