There is some upside to raising the rents and doing some reno on units that make this particularly attractive.  

In processing this deal in my head, there are some sticking points about the construction of the house that would make it less attractive to buyers.  

That would be a super attractive property to have in my porfolio with  lower than normal operating costs.

They could sell the first position note (which would be at an attractive rate) and hold the 2nd (which would be as close to negative as I can get it) but even then running 19 buildings for a few grand a month seems pointless when there's easier money here. 

However, the sell price is looking attractive.

In other words, attracting that out-of-state money is consistent with a common theme in regional success. 

I've learned a well-rehabbed unit will attract interest from many types.Many middle-class renters are deathly afraid of any and every low-income neighborhood. 

At 63 years old, I don't see building a "downline" with KW to be a meaningful attraction. 

The idea of creating a note with seller financing to reach more buyers is attractive to a lot of investors.

Being a landlord in nyc, sf and tons of other rent control cities is a pretty attractive gig.You can argue it doesn't achieve its stated goals very well.