If you hire a bad property manager, or general contractor you could lose thousands of dollars because you are halfway across the country and don't know what is going on with your property other than what these strangers are telling you. 

This is leading me to look all around the country on loopnet.com and I see that many rust belt areas have much cheaper investment options.

Like @Jay Hinrichs mentioned, there's a ton of value in your product, and it's only available to a small part of the country.

As an out of state (and out of country) investor, I would not recommend this.   

While there are many "good" markets across the country for multifamily investing, it ultimately depends on your goals and your investment strategy.

I would never have reached that couple with an absentee owner mailing.Money Mailer franchisees can sell into any area of the country, so I'd be happy to talk to you about this if you'd like to pursue it.

In the rest of the country you may say that's insane.

Yes, cool to see another from the nordic countries here.

I am planning on leaving the country sometime next year so I wouldn't qualify for a FHA loan since you have to live in the building for a certain number of years and I couldn't fill that requirement at this time.

I'm mostly familiar with duplexes in Victoria BC Canada where the numbers are more like $300K and $1500 which is why after 20 years I'm selling and wondering whether my only option is to invest in another province or even country to get back to the great numbers I had years ago.