We theoretically investigate the nonlinear dynamics and synchronization properties of two self-oscillating semiconductor lasers due to feedback. The model is based on modified single-mode rate equations for the intracavity photon and carrier densities. We provide a detailed stability and bifurcation analysis of the fixed points upon variation of the coupling and feedback strengths as well as the associated delay times. This allows us to predict a new scenario for the ``death by delay\\\\\\\'\\\\\\\' phenomenon where the delay time in the interaction between the physical units is not essential. We consider both oscillatory and chaotic behavior of the solitary lasers by changing the feedback conditions. We observe different types of synchronization including identical, anti-phase, and out of phase, as well as several symmetry-breaking bifurcations. When the lasers operate as two chaotic oscillators, we find that the isochronal (zero-lagged) state is stable within a large region in the parameter space. We also found that the width of the frequency lockbands (Arnold tongues) of two slightly mismatched lasers shows an interesting dependence with the coupling delay time.