Not sure whether to pull the trigger on a deal or not

[Ken Brengle]

Sooooo....I have one rental and want to start scaling my real estate investing side hustle. I am in the insurance industry and now that my customers are finding out that I have a desire to acquire more buy and hold rentals, I am starting to get deals offered to me. I have come up with some pretty creative terms that are really a win win for both of us, but since it is not a traditional deal structure that everyone is familiar with, a few have been hesitant to agree to the terms. I am ok with that as I know not every pitch will result in a deal. However, now I have someone that is begging me to make it happen!

He is getting older and has health problems and is looking to liquidate all of his rentals. He has a phenomenal amount of equity in his last rental and has already been pre-approved by a local bank to gift the down payment out of the equity to the buyer. So I am looking at no money down into a beautiful property. My hang up is how rural this property is and the viability of a long term renter. He says he can get more inquiries than he can process if he puts it up on Craig's List. I am trying not to get emotionally attached to this deal and operate from a logical place, but this place is gorgeous and just MIGHT be a giant leap forward in my RE investing portfolio.

Any sage wisdom or ideas I have thought of are gladly welcome. Please do not be afraid to be pessimistic in your comments if this sounds foolish. My feelings won't be hurt and I will gain a gold nugget of info. I am not afraid to be trainable.