Obviously regulations in the US are much less complicated, taxes lower, laws much more landlord-friendly and profit margins higher than in Germany.

A - Invest $100, add value to $120, market corrects to $100 in year 1, but you achieve an 8% return from cash flow and principal reduction.B - Invest $100, add value to $120, market remains as-is (or it takes longer to correct), you achieve target returns of 15-20%C - Invest $0, earn $0.Substitute appropriate figures...just trying to generate dialogue.It's hard to model things like a market correction or rising cap rates, get excited about lower returns, and make a purchase but idle cash and the war chest strategy (scenario C) can be costly relative to scenario A (except with an appreciation only/market timing strategy...let's ignore that one for simplicity).Many of us have analyzed and turned down a ridiculous number of deals and we see a lot of posts about waiting for a correction but the math seems to suggest otherwise if investors are adding enough value (and generating cash flow, using long-term debt, buying in solid locations, or investing for the very long-term).  

And give them some incentive to do this, such as a break on their outstanding balance, lower payments, lower interest, reduce their arrearage or combination thereof.   

I would never plan on Vacancy lower than 8.34% (That's one months rent).  2.5% Maintenance and 5% CapEx are also low. 

Or if a slightly lower bracket the higher end GE/KitchenAid package. 

If you get lower, good for you, if not, at least you already accounted for it..

1615 Nelson is actually priced about $10k lower than what comps are selling for in that area of the Dayton market.

So we negotiated an even lower purchase price.

I'm interested in turnkey properties in the future as well to build my portfolio as the cost of some of those cities you mention is significantly lower than our coastal areas.To get to your point it sounds like you need to decide how involved you want to be. 

Im looking to tap into equity to start flipping houses and eventually get more rental properties after I pay off my credit card debt to lower my debt to income ratio, any advice would be appreciated!