Certainly with an older building that has been mom and pop managed for 30 years, there are plenty of opportunities for improvements that don't necessarily equate to added value (hot water heaters, French drains, new electrical service, etc). 

There's a bunch of guys who can close all cash and their names pop up frequently in any market. 2) The Golden Deal. 

Dartmouth also seems to have a few deals pop up now and then and is really growing. 

If nothing pops up then find a property manager or an agent who's company also does property management and ask them. 

Most have a tenant rep broker they use and connect you up with them.Cap rate is usually tied to location ( urban,suburban,rural), location and quality of the tenants ( national, regional, mom and pop), and terms of the lease ( primary lease term in years, level of lease guarantee, rental increases, any termination rights, disclosure of sales, restrictive use rights, co-tenant anchor clauses,etc.).You need a void analysis from a landlord rep leasing broker.

I'm not a mortgage broker, nor do I play one on TV - search the forums for previous threads on VA loan and see if anybody's name continually pops up with useful advice then reach out to them.Continuing my assumptions, let's say you find a duplex in your area for $300k. 

I see a lot of artsy mom and pop restaurants popping up which is a good sign.

Even if you're planning on doing repairs, showings, leases, and all that jazz yourself, deployments are a thing and you'll want to have access to folks who can take care of things while you're away if they pop up. 

Change orders during construction is very common because in many instances things that were not accounted for in the original scope do pop up and when you start opening walls, demoing, etc many surprises can arise.

There weren't many, but when they popped up, the tenants had someone local they could speak to and coordinate with as needed.4.