He said he wanted to meet in person first.

I know one person who paid this and thought they got great value..

Everyone has different personalities and ways of doing things.

@Dalton Summers My ex-business partner owns 40 units and still rents a house...

I had to redo a bathroom last year in a 2/1 in an occupied duplex I own and I spent $6,004 in labor and materials (10% off at HD/Lowes as a veteran, just didn’t do flooring and left the old vanity, doesn’t include the damage the leak did in the lower unit). 

With this said, all went through fine I was contacted by the FHA representative about three months of owning the deal and I had to write a letter explaining why I had not occupied the premises.

I would not be doing long term financing on section 8 nor would I own any.. just my personal goals.

Quote from @Jinglei Shen: Seller is a real estate agent, based in Ohio, he owns an LLC to flip house and invest in RE, this property is owned by this LLC. 

Personally, I would keep the property but I don't know your situation and if you could better use the money elsewhere.

Hard money lenders focus more on the property’s value rather than your personal debt to income ratio (which traditional banks use) allowing for quicker approval and funding.