If you had a medium size commercial property and you are doing massive amounts of work then I could see the need for all of that but otherwise...forget it.

That's a huge success, and is low to low-medium risk.

Maybe 25 to 50 basis points or so on medium size properties in the 3 to 5 million range.

Also in Iceland we have little over 300k people in the whole country and not too many properties for sale, except in the city which is way too expensive for me.The medium house cost in my city (and the only city in Iceland) is equivalent to $700.000, the market here does not make sense at the moment and I'm looking to invest in other countries, does anyone have any experience in that field that can give me any tips?

you could play the arbitrage game and borrow at 4 or 5 on your heloc then use those funds to invest with a really good HML in Bend that is doing short term flips probably make 10 to 12 gross and net 5% to 7% on your arbitrage..or you could just use the money for quick turn and burns.. if you have the band width to do those.. 

It is now producing a $900/month cashflow as a medium term insurance rental.

-Rental properties-Single families-Medium sized city in my country (~150-300k)-City must have a university.

Lot's of online tools to help you learn more about crime, medium income, demographic data, and etc.

Is this something the average financial consultant could help me out (example good medium local company, not the Fidelity or Edward-Jones type)?  

Eveything here is ridiculously overpriced and draped in regulations it seems so I've expanded my sights outside of the area.Locations of interest include; Northern VA, Pennsylvania, Florida, Georgia, NC, and SC.Plan:Small/Medium sized multi family properties 4-10 units. 2/1 up to 3/2 if available.Purchase price under $450,000 with a minimum of $100 cash flow per door after expenses but a target of above $250 per door after expenses.Cash on cash should be above 10% with 15%+ as targetProperties would be managed by local management company or Live-in manager.My plan, criteria, and areas of focus change with more knowledge gained.