I'm dealing strictly with the sellers themselves. 

Another huge thing to consider is laws and regulations, many times new investors will jump at Hudson county thinking the proximity to NYC is great for renting (which it is) but many of the municipalities in Hudson county have very strict landlord laws. 

Quote from @Reed Rickenbach: John - as long as you are still following strict screening criteria I agree for single family.

I know in my area they can require it, and we are nowhere near as strict as NY. 

This vary heavily town to town. 20% down is great if buying strictly as investment but if you have a way of owner occupying I would explore that route and apply the 20% down to increasing value of property and instead using low money down loan. 

Or do I need to do it strictly as an investment property? 

Yea this is a long-term personal play more than a strict STR deal. 

And the laws and regulations here are very different, not very strict like the states.Prices are high and rents are low over here.

While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.

In New Hampshire, title laws are strict, so we couldn’t move forward without obtaining a signature from a living heir.The title company dug deep and eventually located a distant relative—a niece of the deceased owner, two generations removed.