Financially, an easier decision would be rental in philly.

The tradeoff is a faster closing, easier qualifications, and less headaches than a bank.

It basically says remove your items, fill nail holes from pictures/paintings, and do a final clean (and give detailed instructions). 

One bad tenant can cost you twice that amount in repairs, cleaning, and vacancy costs.

Example (Buy & Hold):Purchase price: € 150.000,00Downpayment: € 35.000,00Additional cost for buying: € 25.188,00 (legal, tax, agency fee, cleaning, mortgage fee)Renovation cost: € 10.000,00Monthly Mortgage Payment (PI): € 487,34 (annual interest € 2.267,28, annual principal € 3.581,91)Tax on income: flat 21%Total annual operating income: € 16.111,20Total annual operating expense: € 6.060,00Question:How do you calculate cash on cash return (ROI)? 

I can't tell you how much easier this makes things on you. 

I am an agent and have limited experience in Property Management.Some of her requests include the following (Tenant and LL verbally agreed already):Tenant will do all the cleaning and cover the costs before move-inTenant may make home improvements upon LL final approval and city permits3 Month Security DepositI did some digging on BiggerPockets. 

Get as much info as you can, so it's easier for you to make that "what do I want to do in real estate" question easier to answer.

(a) “Common Area Operating Expenses” are defined, for purposes of this Lease, as all costs incurred by Lessor relating to the ownership and operation of the Project, including, but not limited to, the following:(i) The operation, repair and maintenance, in neat, clean, good order and condition of the following:(aa) The Common Areas and Common Area improvements, including parking areas, loading and unloading areas, trash areas, roadways, parkways, walkways, driveways, landscaped areas, bumpers, irrigation systems, Common Area lighting facilities, fences and gates, elevators, roofs, and roof drainage systems.

Purchase price and closing costs: 288kARV: 395kHolding costs: 2.5k/moOur initial plan was to wholetale the property, minor landscaping and cleaning.