She doesn’t need local family to manage it. 

Local product is cheap since no import tariff.  

I think you need to find a good local agent, network with investors(local meet ups, FB groups, etc) and learn more to dial in the gameplan. 

Favorable Legal Framework for Foreign InvestorsGermany offers a straightforward and investor-friendly property market, with laws that protect the rights of both local and international investors.

I am looking for recommendations for best financing options.The owner is considering financing it, but until they agree, I am planning as if they will not do so.The local credit union I use, who is very investor friendly, is unable to lend on properties larger than 4 units right now. 

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

Hi Isaiah, I am based in Fort Lauderdale and can speak to the local market directly.  

If you can invest locally, I'd recommend doing that before investing out of state.

Private equity firms seem to favor larger operations with scalable systems, while smaller mom-and-pop firms are often acquired by local players or regional operators looking to expand their footprint.If you’re looking for actionable intel, reaching out to brokers specializing in the sale of PM firms could provide useful leads.

Leverage equity, explore house hacking, and continue learning through books, podcasts, and local networking to refine your strategy.