Have you checked out the BP book on investing with no and low money down?

Asking price: $245,000 - reasonable for the areaEstimated Monthly Rent under current leases: $2500.00 - on the low side of the range for the area but the tenant base is long term and stableAnnual Taxes: $5000Annual Insurance - Unknown/information requestedUtilities - Unknown/information requestedBuilding Owner pays for alarm monitoring,electric and water bills - have asked for monthly cost averages but do not have yet.Individual tenants pay their own internet and phoneDescription: 2400 sqft, brick building with a 10 space parking lot, good location Known upcoming repair is HVAC for the downstairs (est $5k), upstairs HVAC has already been replaced.Thank you for your time as well as your opinion on this deal, recommendations for additional questions, additional information etc. 

(Make sure you are including your closing costs on purchase and sale to compute.)  5% vacancy is probably unrealistically low unless there are long-term tenants (which often means the rents are below-market).

Even though the prices are low, what is best way to asses prices for foreign investors ?

During that time, I also had 2 mortgages that were successfully modified--but as a result my credit scores have suffered and dipped to the low 600's.

its suspect for sure.private money is just that some person you know .. not met on line .. trying to find private money on line is no more or less than internet dating.. who knows who you are meeting.any lender that wants points and super low rate is suspect on its face.. just not the real world..

I am wondering if anyone has recommendations for a good property manager with extensive experience with low income housing/section 8 tenants.

There were major/minor repairs that has taken place in the 3yrs (A/C unit was converted to central heat & air had to be rebuilt twice) among other things.

I started thinking I should refinance my coop with today's low rates  and take about $100k cash out at 3.50 % interest rate. 

(as for California and New york it seems)Our goal is to invest on rental properties (we can't flip from France) with very low expenses in a safe area.