not wrong  just have to look at markets and market conditions.in many areas of the country building new just does not make sense when existing inventory can be bought for far less than replacement costs.. and rents wont change enough new vs old to compensate for it.

Even going full throttle on that front we still haven't been able to fully stave off the decline.As I confer with different vacant land experts around the country, the story is the same. 

That is how real investing is done.Read on for more insight...The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

Then the city made headlines as the highest appreciating market in the country, edging out Miami. 

Granted, I self manage so I am meeting tenants, but at the end of the day, getting this gut check on the person I am going to trust living in my property kept me from having any issues with my tenants that would require a "more landlord friendly state".Given the wide swath of the country that is "landlord friendly", I would think more about places you know well and/or have ties to already.  

I invest in eastern Kern County (mostly near Lake Isabella, Kernville). 

Conde Nast Traveler recently announced their 'Top 10 Trips everyone in the US should add to their bucket list' and it features some impressive vacation regions and activities:- Hot Air Ballooning, New Mexico- Bluegrass Trail, Virginia- Visiting Point Dume Malibu, California- Horseback Riding, Wyoming- Airboat tour Everglades, Florida- Winter expedition cruise, Alaska- Spiral Jetty, Utah- Camping In Acadia National Park, Maine/Rhode Island/Massachusetts - Trekking the Bayou, Louisiana - Wine country, Willamette Valley & Napa Valley Oregon/California 

The good news is that the financial metrics you've read about are universal and not at all country specific.The bad news is that Germany may just not be a good cash-flow market, compared to the U.S.But then, few markets are.That's why you find so many Germans and Australians and Spaniards and others trying so hard to find great deals in the U.S.And, even in the States, there are plenty of sub-markets where properties routinely fail the so-called "1% rule."

And I am not even a germophobe, when you travel in third-world countries you can't be, but I would not get into anyone's bath water if I don't have to, STR, hotel or gym.

For insurance I use Zach Culbertson with Country Financial.