Sounds like you have a bad taste in your mouth with this seller. 

If passive cash flow is sufficient at the end of your career then spend all your time in an RV visiting grand kids and getting national park stamps or tasting wine in Tuscany.  

I tasted the freedom that this business can give you.

Unless you have awful taste in flooring, let the first and second set of tenants destroy it.

Neutral non taste specific finishes are usually recommended.  

One article I saw a realtor spoke about how they are fairly taste-specific, so you might lose 10-20% of the resale value right away, but then that basis seems to hold for years as it really doesn't depreciate.

Maybe even a vrbo model in the hill country for those looking for a taste of the country life.

If the numbers look good and the property appeals to your taste, next you need to consider the financing.  

You can sell the house after 1 year from purchase.The 203k loan is an incredible opportunity to buy a house and fix it up to your own taste with the banks money and with safeguards in place to protect you if this is your first rehab.I would highly recommend it.  

As your tastes, goals, and market change you may find your investment strategy will change as well.Good Luck,Allen Fletcher