We will be there for the first year to get things going and once we're sent elsewhere, we will hand it over to a combination of a community leader for internal needs and a regular property manager for external management.

The reason is to cut down on turn costs and reduce maintenance costs.Another example is the external door locks.

In your example you have a 1.8 million purchase price, plus closing cost (assume 10% add), you have 34 units, and we will say we will sink 12k into each unit, with maybe 2k of that going t external improvements.

I contracted to re-side the exterior, replace the electrical panel, install external sewer clean outs and I'm in-progress installing LVP flooring in the basement from a "welcome to homeownership" sewer backup and flood within a few weeks of moving in.Annual return below reflects after moving out.Keep on crushing it Ryan!

But even if it takes a plumber it should be about $150 probably if it an external repair... or if it gets into the valves, probably $400 (where I'm at).  

I know all of the standard answers:- find external investors- be rich- syndicate-bla bla blaI have a business partner and and combined with we can come up with $200,000-$300,000 which I know is a drop in the bucket here, but what (if any) creative options could there be to work with the seller in some sort of seller-financing deal? 

@Tyler Barker the "hiccups" surrounded a transition from internal PM to external PM at Bridge. 

All the properties have been extensively renovated by me and I hand pick tenants.

In the next house I buy, if I'm to spend 5k tops, it needs to be in really good shape already because 5k would be just for external painting and nothing else in NY. 

This, in spite of the fact the block foundation walls showed clear signs of the open cells being full of water and, based on age, I suggested the external waterproofing had failed, allowing the normal drainage of the property to flood that foundation wall.