I know that I will need a good realtor on my team that understands not just the market but the real estate investment industry itself.

It gives you insight into what managing rentals actually entails, and you’ll have a better understanding of what you need from a property manager later on.

There are many nuances in any one market that take time and knowledge to really understand.

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

It’s one of the few places where you can realistically achieve solid returns without needing a massive upfront investment.If you’re open to exploring other markets, Detroit might be worth considering.

This white paper explores why American investors should consider adding German real estate to their investment portfolio, focusing on the market's advantages, key investment strategies, and important factors to understand before diving into the market.Introduction: The Allure of the German Real Estate MarketGermany is Europe's largest economy and one of the most developed real estate markets globally.

Detroit, all day.Note, I am biased but I also understand facts.

I guess Im not really understanding what youre looking for.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

A Property Manager can also assist with understanding local regulations and the practical aspects of property management, ensuring you make a well-informed decision.Feel free to share more about your specific needs.