We are able to get great incentives and the ability to own an investment property that take a very light maintenance budget for the first few years is a huge plus.  

@Joe Villeneuve @Theresa Harris, thanks a lot for taking the time and provide some info/ideas/suggestionsTo give you some color for these properties, there is a 15 years-plan that my wife and I are planning to have arround 5 to 7 properties in the same $$$ range (-+ $200K) that we can rent them around $1600-$1800I believe after 10 yrs, I am expecting to a better cash flow considering some loans will be paid in full, but maybe the next properties will have as you suggest 30 year-loan. 

Are you only willing to take on light or medium renovations, or are you open to more extensive work?

Anyone in my area that may be able to shed some light I would greatly appreciate it.

Tread lightly.  

After acquisition, we furnished it, added a couple decks for a hot tub and solo stove fire pit, as well as a ton of string lights and were off to the races!

A nice multi family property that you can do some light fixtures on sounds like a perfect strategy for you so you and your wife can have your own unit.

Sounds like an easily executable deal from what you've stated but likely need more color to offer path forward, terms, etc.

Worst case scenario, if that doesn't work, I can simply do fertilizer applications and landscape lighting as they don't require much labor.

Light Cosmetic ($40 x Sq.