Owning property in Germany can be a good investment, but it depends on various factors like your long-term plans, market conditions, and personal preferences.

It sounds like a long time, but RE is a long term game.

Investment Info:Single-family residence buy & hold investment.

The property has an existing long-term tenant and is cash-flowing.

Hi Hanna - here is the rough breakdown if you are looking for solid returns on a long term buy and hold investment.The majority of the bread and butter of CLE RE investing is on the west side.

A 1 bed room studio in a good area that is NOO STR eligible starts off at $600k. https://dlgoodmanproperties.id...In Davidson County a Short term rental is any rental agreement less than 30 days.

If you hold, I don't see why you would want to refinance and end up losing more money each month.

At that point I told the team multiple times to have you give me a call since I realized from past experience you were hard to get a hold of.

You are going to loose out on a lot of income by doing this .If your cleaner cannot complete a same day turn - time for a new cleaner You would if you were running a 53 acre ranch in Texas with significant additional logistical requirements and maintenance needs (both expected and unexpected) beyond what an average short term rental requires.  

See if you can screen tenants more comprehensively and then offer them a long-term lease right off the bat.P.S.