The big players dont want junk real estate that these notes  are attached to.

We worked with a lawyer over there who is a US ex-pat who created and registered a local LLC for us, which owns our properties.

If so, self-managing properties might not be the best use of your time - In any case, I'd encourage you to talk to multiple local property management companies, keep the above in mind, and understand how they approach management.In my experience, property management isn’t just about finding the right tenant or collecting rent—especially in a tenant-friendly state like Rhode Island.

Need more information about local comps, the condition, and state of the market.

And don’t sleep on local banks or credit unions—they sometimes offer flexible portfolio loans that could work for a deal like this.Since your wife qualifies as a first-time homebuyer, check out any state-specific programs or HUD options for down payment assistance.

@Nick D.We are local to the area, I'm from Springfield MA.

The best deal I can find today is one that you buy cash, invest a rehab and when you pull out 75% of your ARV you leave maybe a small amount of money in the deal and you break even (BEFORE DISCOUNTING FOR VACANCY, REPAIRS, etc) Yes that means you leave like 10-25k in the deal and your payment becomes $3000/m and your rent is $3000 a month or slightly less.This is for my local market and for Class B or higher RE. 

@Jason Khoury I purchased my current residence, a duplex, from a local non-profit about 5 years ago.

Contractor – This is one I really need help from the bigger pockets community in the local area. 

Glad you have experience investing locally.