That backs out to 10-15% cash on cash return in most cases.

You'll need to report this recapture on IRS Form 4797 in your 2025 tax return.

Executive SummaryIn recent years, Germany has emerged as one of Europe's most stable and attractive real estate markets for international investors, particularly for American investors seeking secure, high-return opportunities.

Also, there may be a very good investment channel that reviews cash on cash return in Lynchburg, InvestLYH. 

It's interesting that Obie returned a $200K value but they do allow editing so I was able to correct to an amount I feel was midway between principal and replacement value.

Quote from @Andrea Russin: A blanket loan would be a good way to spread the equity however it would limit your ability to easily exit one property without restructuring your loan.

And that can easily be a pass-through charge to the guest.

@Tyler GarzaYour strategy has a solid foundation, but a few key refinements could help you maximize returns while minimizing risks.

@Franklin FletcherThat's a great return!

Make the highest return you can and then figure out how to maximize tax savings.