My wife kept her job, which kept us afloat (barely) but we went in a lot of debt because of it.

I apologise for the very "bare bones" outline of the business plan I am putting together.

I think this way can still be profitable and so far it has been.Since I’m young (barely 23) I have more time than say someone who’s 40 to get into bigger deals.

b.~ Are your property managers licensed?

My worry is that I make a buy and hold investment, with rents barely covering costs then the market drops.

Some of the refi'ed into ARMs where they could barely afford the teaser rate, let alone the payments after two or three resets.

So i guess its how hot your market is. oh and the apraiser so happened to apraise the home for $252,000 wow i barely made it. to me apraisels don't mean much just when financeing.

(this is a very bare bones description so I don't post a novel)I want to attract 3-5 additional investors/possible partners.

As such, if you buy at market value or make a decent deal (85%-95% of market value), your projected rental income barely even covers your monthly mortgage payment, let alone projected/unexpected costs (taxes, vacancy, maintenance, repairs, CAPEX, property management, etc.).Above, you've already mentioned valid reasons for the disparity between the US and the Belgian residential rental property market.

As for savings even with a full time job making $12/hr and living in the cheapest 2 bdrm apt. i can find (I have a wife and son) i barely am able to afford bills and food/necessities.