Co-living provides built-in diversification, lowering your financial risk compared to single-lease rentals.5.

Based on what you shared you are not financially qualified to own real estate.

Prioritize your financial stability.

Residency StatusWhile stationed in Germany, you qualify as a resident, which makes securing a mortgage easier.Even if you're not a resident, many German banks will lend to non-German citizens who can demonstrate financial stability.2.

Additionally, if your goal is to maximize personal financial benefits, consider profit distributions from the property-owning LLC, which may provide tax flexibility depending on your situation.By adhering to FMV, maintaining proper documentation, and structuring the lease agreement carefully, you can optimize tax benefits while staying compliant.This post does not create a CPA-Client relationship.

Renovation of commercial buildings and the challenges they encompass to become profitable assets to hold within portfolio.

You could tap the $400k of equity in your primary, but that's a slippery slope with the little financial discipline you appear to have and could quickly lead to bankruptcy.

For example, if the loan officer asks you what your monthly payments are and your mother-in-law moved in with you because she is struggling financially and you are paying her car payment, don't share that you are paying her car payment every month.

It won’t be privacy, it won’t be asset protection.

On other side of coin, doing AAA; A-class assets, A-class tenants, A-class area.....