Company and office culture  3.

I ran your numbers through my worksheet, adding 1200 for insurance and 1500 for taxes with a 30 year note at 5% and show $206 total (or ~ $69/door).  

Under the old VA Foreclosure system where you had your key and bid online I ran across a fellow investor who had a portable generator in his pickup.

I ran into some issues in Springfield, MA near Western New England University with restrictive covenants on the properties not allowing them to be used as rentals and these were single family homes so make sure you do your homework or have use a good real estate agent.

Just for giggles I ran a report for late fees COLLECTED (not just charged) this year. 

much different boating/fishing local culture

I ran into some troubles with flooding, tuckpoints, rats, and roofing.

I ran the flooring from the stringer to an inch short of the balusters. 

I ran the math on your 109K note @ 9% over 5 years and found that selling it at 92K would provide a 14.38% annual yield to the buyer. 

@David Faulkner is on the right track, but at this FMR, I would expect tons of amenities, lots of cultural activities near-by and an ocean view.I see the seller is speculating / fishing just to get out of the property.