Looking at this property as a long term rental strategy.

You’ll get a better return over the long-term by putting your money in the stock market.

But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

You lose all of the control and these are long term investments - but in my experience the returns match what I had on the active real estate and I am hiring professionals to manage the assets.  

This is one step in a long journey, and I'm glad to have found a community that is as passionate as you all are!

My mother is a RE agent back home in California (30+ years), I have one rental property in Virginia Beach, and I'm mostly interested in BRRRRs, flips, and long/medium-term multifamily properties.

We live in San Diego so would be long-distance, TBD if we self-manage or enlist a PM. 

just double checked my lender is now 80% LTV for short term rentals only 85% for long term rentals

Everybody is different, some people like flipping, some like short term rentals, some like long term rentals. 

In the long run, I want to build a portfolio that will bring in cash flow.Would be great to connect with all types of professionals who work in the area.