Last time I saw this I was in Greece in 2007, learning the flip game in an environment so out of whack that after the bottom fell out of the giant Ponzi scheme that the country had become, the Greeks were forced to admit the situation would take generations to fix.I'm not going to cry doom and gloom.

I’d consider renovating a deal up to two hours drive away, but all neighbour city’s/towns are what I would consider lower income areas with little to no growth or Airbnb potential.

I'm a real estate agent based in Athens, Greece, while completing my first flip as an investor.

Very, very few who aren't doing STR vacation rentals are making it in places like Germany now.Genny, I can't tell you about Germany, but I CAN tell you about Athens, Greece.

I came to US 10 years ago and I am originally from Greece.

Let me guess, they leave the hose running to the neighbouring property as they aren't bright enough to even hide that.

@Kelsey MortimoreMy neighbour has been waiting for the next crash for 30+ years.

Talk to your neighbour first and explain that dirt is being piled up against the fence and you are worried it won't hold. 

Hi, I'm about to make my first offer on a house.What I have analyzed so far(It will be an Airbnb type rental)- cashflow (for sure)- prices of comparable properties in the neighborhood- amount of property tax- amount of insurance- amount of utility cost- zoning- location, neighborhood- reading reviews of nearby airbnbs- neighbour properties and their future plans- rules for said property around STRWHAT DO I MISS????

But Neighbour issues mean a high vacancy rate and it would kill ROI in the long run?