Desirables: 8 min walk to trains to NYC and 2 parking spaces.I feel the property was not built well and future leaks are inevitable. 

Then you can park your capital, earn a decent return, wait for something great to pop up, then 1031 into the new investment. 

Goal for SRO is parking space and no HOAs. 

My brother once dated a girl who lived in class C and he told me their constant struggle was parking and trash cans.....

@Mike A.Welcome to BP, I recently moved to Florida from Lexington Park, MD so I know that market pretty well.  

Travel nurses typically want 1/1 with washer/dryer and parking.

For that part of CT, I ball-parked a reno like the image from gutted to finished to be at least $600k on the low side.

@Andrew Kubik look in to NARPM (National Association of Residential Property Managers) if you haven't already, they have local chapters.

There are DSCR rental property loans for foreign nationals (non-U.S. citizens who don't live in the U.S) that are 25% down for a single family rental property and 30% down for a 2-4 unit property.

My family owns REI Nation, and we have an office in Southlake, TX.