You can also assess a dollar amount that you value the cost of these requests to be, and ask for these as a discount from the purchase price or a concession to you for closing costs. 

We also have a very strong rental market, and that too has high demand from investors wanting to purchase. 

Is this purchase on the MLS or through a turnkey company? 

When running your numbers, if purchasing a home that isn't new construction and less than $1MM, I would estimate 1% - 1.2% of the purchase price as your annual insurance premium. 

I live in San Diego and am trying to purchase my first investment property I have about 150K to put down but am struggling to find deals that meet my price point. 

I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.

To add to @Ashish Acharya, I would recommend using your retirement funds for notes that earn a nice interest rate, if you're into self directing.Given that you want to purchase a short term rental, I'd highly recommend not doing this within an IRA/401k. 

Picture if we negotiated a home purchase they way they do these deals, lol.

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.

I sunk a large amount of capitol into these when I purchased them just to make sure they were nice.