Also, in my personal experience, offers with FHA loan(or a low money down in general) financing doesn't seem attractive for a seller.

@Greg Dickerson Awesome feedback, I think it was just a fourplex with no HOA involvement,  The CAP does sounds pretty attractive with no vacancy and owner is willing to seller finance some or all of the deal. 

Decided to start my investment portfolio with SFH that are in decent areas to attract families.

The town we're looking at is trying to attract more tourism and is therefore very friendly to AirBnBs, so that should help.I would REALLY appreciate connecting with others who have invested abroad.

At a cap rate of 6.5%, this deal is not that attractive.

(That loan to you will likely be resold and it looks even more attractive to note buyers once you have 6+ rehabs under your belt).

You will love the attractions that are within walking distance such as Chicken N Pickle and multiple breweries What made you interested in investing in this type of deal?

The tenants you will attract at that price range has a lot to do with location.

We haven't replaced the roof or the boiler, because they work fine, since we purchased in 2013 but they are on the older side.1) Sell As is and Move2) Develop it as there is 2000sq ft of FAR that we could build and the neighboring property which was the same foot print has already maxed out their FAR and condominiumized and sold 4 condos for about 4m.Not attracted to the condo option but it could be the only way developing the property makes sense.3) Move, Rent out both units and Hold. 4) Move, Rent it out and downsize in another area potentially upstate or a "better" neighborhood in NYCI know this is a very wide open question and alot depends on what we "want" to do.

That will help you a lot because it will be tough to attract investors without offering a preferred return.