We reviewed the international Property Maintenance Code (https://codes.iccsafe.org/content/IPMC2018/chapter-4-light-ventilation-and-occupancy-limitations).

If he provides all the capital then he is a Limited partner.  

It is a full time job in itself and will tax beginners to the limit.

Maybe the seller's agent would be willing to give you limited access to look at comps?

Don't limit yourself to believe that it can't be done while you are living in Germany.

My wife and I set up everything for under $700 with Power of attorney and our Will, with a local attorney.

You are shortchanging the REI returns because you are not factoring the two greatest powers of REI:a - the compounding effectb - the fact you can quickly get all of your cash back, and still be getting a return (compounded) from the original REI

@Dayne WintersHoboken (preferably Downtown),Jersey City (Anywhere off the "PATH" Train, note the Waterfront, Downtown, and Newport are nicer than Journal Square)Manhattan (anywhere really but the nicest areas are anywhere south of about 70th street)Queens (Long island city, or Astoria near a subway stop)Brooklyn (Downtown, Heights, Carroll Gardens, Park slope, Williamsburg, there are others but that's just the short list)Since your question is a bit limited I am unsure if this is business or vacation and if it is with children or without.

I'm having new shingles put on a duplex and the roofer has two options:1) BP Mystique 42 Limited Lifetime Warranty Shingles  (base shingles)2) Malarkey Vista 40 yr Warrant Shingles (+$950 upgrade)Roofer figures upgrading from base shingles will extend shingle life from about 20/25 to 35/40 years. 

I believe in the  power of knocking doors for advice...