Owning property in Germany can be a good investment, but it depends on various factors like your long-term plans, market conditions, and personal preferences.

Many operators I know have full teams built out and spend all of their time on this.

The plan is to cease the STR next year and switch to a MTR and thus, I would then report that property on Schedule E.My other property, which was also recently acquired, is already a MTR, and I would need to report it on Schedule E.So my question is: can I report one property on SCH E and the other on SCH C even though they are both owned by one LLC?

Connect with other investors and make sure you always have a solid plan.

Lock down a plan, and be prepared to execute when you get here!

I plan to stay in the house at least one year, possibly two.

Are you planning on venturing OOS or staying in your backyard?

It is still advisable to see what is on the local market and see what is selling as you develop your plan to renovate a property. 

and my real estate is actually fairly liquid, if i listed at the right price (which I don't intend to, since I plan to hold forever, but if I did) i could sell fairly quickly. 

The location of the house is ideal for downtown and the universities and hospitals.Originally, the plan was to sell and reinvest the proceeds into a few fix and flips.