Unless you have a way to source off market deals or have a crew to provide labor for below market value, you're kind of relying on hope and luck to find a deal that works.

A lot of waterfront is cash/near cash.  

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

There is a risk but one thing you can do to minimize is to have them provide information - full names, address, where they work, etc.

We have allowed tenants to resolve past due debts or provide letters from previous apartment complexes confirming that damages or unpaid rent were not their responsibility.

This cultural preference for renting creates a steady demand for rental properties, ensuring reliable cash flow for property owners.Additionally, many Germans face a significant shortage of affordable housing, particularly in major cities like Berlin, Munich, and Hamburg.

Purchase price: $300,000 Cash invested: $50,000 Purchased a 12 unit park owned mobile home park on a 5 acres.

This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.

Not even Ivy League master programs in real estate provide the representations and guarantees these mentorship programs provide.  

Keep a close eye on interest rates and cash flow projections to ensure these strategies align with your financing plan.