Sure you can have a heart and listen to his concerns but you have to look out for yourself and your business.If I were in your shoes and this is a great deal, I would go back and renegotiate to see how you can lock this in. 

Before you get your heart too set on a particular place, take the property’s location into serious consideration.

Is it something you could approach them to ask if you can help tidy it up, cut the grass, paint a fence, etc.. out of the goodness of your heart ;)   It could possibly be a situation where it's someone on a fixed income that can't afford any addition costs or is not healthy enough to do the work themselves. 

Don't look at the luxury hotels in the heart of the downtown area.

But for others that sounds like a recipe for pain and heart ache! 

These low cost properties are going give you heart ache far bigger than your cash flow.  

My biggest advice for out of state investors is finding the right team members who has your best interest at heart (and not chasing a commission check or see you as a paycheck!).

However, there are also challenges with investing in California, including the high cost in most cities which makes cash flow almost impossible, and as the leading "bleeding heart" state all of the landlord/tenant laws favor the tenant.

The inspector I use has a reputation for striking fear in Realtors hearts because he has "killed" so many deals.

You can read all the books your heart desires but do not forget the security instrument and note is what you actually pay for or invest in.