Beautiful work by the way in your portfolio. 

What a beautiful country and a great way to build wealth.

@Jeff Trevarthen The beautiful thing about my current home is that I've spent 5 years setting it up for rental, purchased it with the intent to rent.

However the responses above naturally follow from the questions I reflected back in my other response.If you were to purchase this house for 87K, you could put a 10% downpayment (8700) with an insured mortgage.  

I have been a Realtor since 02 so it was natural for me to start buying long-term rentals, although I didn't start until Dec of 10'.

I love this REI game because of the networking opportunities, the ability to build a solid rapport with other investors, and just the beauty of helping each other reach our individual goals.

Naturally I am not feeling comfortable with that condition, as after putting all my hard work, at the end of the day, there is always a possibility of him walking out alone not sharing the profit with me.

We are looking to do the same thing for a flat in Athens which we'll turn into another artist's studio.Instead of the 2% rule, I have a 3% rule when looking for properties like this: it covers management and cleaning fees and utilities.Some key elements to doing well on Air BnB:* Beautiful, well-lit photos* Excellent location convenient to transport* Well written ad with thorough description of local attractionsWhat can make up for a lack in any of the above:* A quirky design/unique lodging experience, at a low price NB: Air BnB type services have been drawing the ire of hotel lobbyists to local governments, and many renters don't pay taxes on the $ earned.

I try to steer clear of townhouses/condos since it's attached and can cause complaints from your tenants about something you can't control such as noise and things of that nature.

its no different than me teaching someone how to trade for a living, no offense but you make it sound like people in general are cynical in nature