Always keep your emotions in check when you are investing!

You have good potential so you don't want blow it by letting emotions get in the way.

@Roland Paicely Thank you for the information, the problem I see is the area is in the country where there isn't a lot of buyers, as far as I can tell the seller is motivated but wants pretty much what the properties worth, I am going to speak with Her again tonight, she knows it needs a lot of work, but I believe its more emotions than anything else.

If the house has an emotional appeal it might be worth paying a little more, but also use that as a negotiating tool. 

Be careful not to make an emotional offer, remember this is your business and you need to be sure of your numbers.

Collecting an appropriate security deposit at lease signing and then enforcing the rent due date at the start of the month takes the emotion out of the process.  

Don't react with emotion.

Talk is cheap - look at his credentials before investing in a mentor.The problem with Washington investors coming to Baltimore - is that they pay too much because they compare DC prices with Baltimore values.Be smart about what you do and who you work with - you can look at listed real estate but your best deal is going to come from dealing directly with sellers.Also remember creative financing techniques - nothing down deals - Control and Roll System - Delayed Settlements - Hybrid offers - and don't forget owner assisted financing and make sure you always ask for a principal mortgage.Have fun - make full disclosures and make sure you understand the laws related to mortgage foreclosures - fail to do this and you may have a paid vacation to the Gray Bar Motel (a nice little room with one small window and the food is free, but the space is restricted).Remember your goal should be CASH FLOW or EQUITY - forget the emotional appeal - it is all about numbers - understand them and you'll do well in Charm City.Charles Parrish

I give you credit for having a heart to want to help but you have to take your emotions out of this. 

Don't get emotionally tied to nicer neighborhoods, just look at the numbers.