The country's continuous population growth, coupled with its high demand for urban housing, positions its real estate market for steady, long-term price increases.Over the past decade, cities like Berlin and Munich have seen remarkable growth in property values, with an increasing number of investors betting on the continued upward trend.

That said, weigh the cost of renovations against the potential increase in appraisal.

We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.

Would the 9-year balloon concern you, knowing you'd need to refinance or pay off the balance at potentially higher market rates in the future?

@Chris Seveney I'm concerned about having $$$ for repairs when needed.

Because here, the proposal would increase property taxes about 5x.  

How much will the increased cashflow supplement your anticipated SSI?

An owner-occupant would be concerned on comps for other owner-occupied, but best and highest for this property may be as an investment, hence income.

Would a low enough sales price make all of my concerns go away?

We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc.....