@Shaidah K. yes we were able to increase the rents upon some of our initial work and we continue to increase them 2-3% annually. 

My initial thought on this property based on your report is that it doesn't seem like that intriguing of an opportunity.

I am looking at purchasing a 16 unit apartment by seller financing that I have initiated.

My initial worries (albeit before I've really read the wealth of books available yet) are with being able to stay in-tune with local US markets, and with eventually managing from overseas. 

What you're getting in return for the initial capital needed to buy this deal is good (thank you, leverage).A few things I'd like to note: the monthly cash flow is a bit weak for me personally.

Just a year ago all kinds of real estate folks were pleading for more active listings and saying prices can't continue to climb like this.

I have a ton of value to offer, but need help with the initial interaction.Eddie

I have SFHs and a few small apartment complexes, but this would be a first for me.Quick run-down:45 lots, with no room to expand18 full - 15 POH and 3 paying just lot rentPublic Utilities, proper zoning, paved streetsSmall town, around 45 minutes from any sizable town; around ~2,500 residents that are mostly blue collar, lower incomeI believe lot rent should be around $250-300 per spot once full and stabilizedCurrent asking price is around $200k, with expenses running around 35-40% of gross incomeMy initial plan would be to give all POH to the current tenants if they agree to re-sign lot leases and update all utilities and other facilities as necessary in order be prepared for additional homes being moved in.  

We just made an offer on a 37 pad park with 7 POH's and our initial offer was 11% CAP rate on the NOI and shell value for the homes which range from 91-01'. 

Also may want to leave a bit more of a buffer for both the initial repairs and the on going maintenance.