The owner at that point was just tired and ready to make a realistic deal.  

I am very interested in making this a career because I have grown tired of being in the navy.

I was tired of all the booms and busts of the stock market and I wanted to have a property that would be there even it dropped it price.

If you uncover that answer, it may shed some light on the investment (maybe it's good info and it satisfies my skeptical approach)I have found the biggest three seller motivations (with landlords) are:1) Tenants are subpar and current owner is tired of managing (in this, you're inheriting headaches, eviction, and much higher repair costs than you expect). 2)  An estate took over and just wants to get it gone (in which case there is probably a back balance owed that needs to be flushed out along with a general lack of property knowledge). 3)  My personal favorite: the Owner bought via tax sale deed (and therefore does not want to be a landlord, just wants his investment + reasonable return).If everything checks out, it sounds like a great deal bud.  

Tired of hearing people say "the Raiders are coming" as a reason to overprice their land. 

Tenants that are one flat tire away from missing rent will not result in quality cash flow, and yet ironically these type of tenants are the kind that tend to rent in the type of neighborhoods that show the highest pro forma cash flow projections on paper ... too bad those cash flows aren't what you will actually get during a downturn, and you spend much of your time chasing down rent as opposed to growing your portfolio ... too bad that the increases in rents and prices will not tend to keep up with inflation in many of these neighborhoods too ...

Getting tired of it, been doing it 12 years.

Maybe they're tired of it, and don't want to deal?  

This was empowering and tiring.

Heck, he might just be tired of paying the tax bill.