This will cost you $30/year but save you untold aggravation and worry about the potential for frozen pipes. 

You'll pay top dollar, but will cut down immensely on the aggravation of rehabbing then renting it out from afar.   

What about this house is worth the aggravation for this business opportunity? 

Cannot consider felonies with dates of sentencing older than 7 years cannot consider convictions for certain felonies with dates of sentencing older than 10 years, including: first-degree murder, second-degree murder, third-degree murder, first-degree manslaughter, kidnapping, first-degree criminal sexual conduct, first degree assault, first degree arson and first degree aggravated robbery.

Sure he was aggravated when you asked for rent because the rent money isn't there, he gave it to someone more threatening than you.

I found that in the end, I had extra phone calls and aggravation by myself and tenants so it was not worth it. 

@Douglas J AndrewsHi Douglas, if you are intent on this property your best bet is to get it under contract with contingencies.A key element in making your purchase offer is doing a critical path analysis to determine the steps, time, players and capital needed to pull the deal off.To save yourself time and aggravation, make your first pass offer the the form of a term sheet.

Avoid him and save yourself the aggravation.

Personally, for me real estate involves risk and aggravation and is illiquid, so there's only so far down I'm willing to go on cap rates.

Revenge is for suckers, its not worth the aggravation. 15 years ago I had 15 rental properties and life was going well, we were making a small amount of money and then the "Cash for Keys" program kicked in and my "partners" who were doctors decided to sit on their hands and not fund the business in the shortfalls, the wife was only selling 2-3 million a year and I was making enough to cover our own household.