Personally, I do not like any strategy or approach that aims to benefit from the misfortune of others.

I personally am interested in creating a long-term rental portfolio but I'd be interested in hearing any strategy, ie. house flipping, short term rentals etc.

A good investor-agent is worth their weight in gold because of market expertise, connections, and knowing how to get deals done, not because they’re your personal deal-finder.The best deals don’t come from sitting back and waiting for an agent to serve them up to you.

Personal finance is as much behavioral as it is math.

It sounds like this is their personal residence.

It's stronger in court if they do it, nothing personal.

For me it boils down to more of a personal decision - can I afford two homes, do I want to have two homes and the stress of it, or just take my money out of one and put it in another.

Fast forward 2 years his landlord mentioned in passing he might sell the property; I was the first person on his mind.

I tried to create rapport with the owner over the phone but waited to present my real agenda only in person.   

And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.