That alone already tells a lot about your drive and maturity. 2.

Otherwise, spend a few hundred bucks to fly there and see the town. 

Man all I can remember thinking is "why would I pay 1000 bucks a month and get nothing back when I could buy a house and pay down some equity" Looking back 15 years ago its painful to realize how much I missed out on in the years since 2008. 

Just to chase a quick buck on one deal, he threw away the potential to do a bunch of deals with me AND do you think I will ever recommend him to any of my fellow investors that attend my meetup?

I have several businesses, you don't treat your good customers like that.Risking pissing off and losing great tenant and stable rent for 70 bucks?

I was not really into REI when I began looking so I could have done better as far as getting more bang for my buck.

Last thing they want is trouble with you or the law over a few hundred bucks rent when they are usually dealing in the many thousands.  

Honestly, for 50 bucks monthly, I would pass this property for a couple of reasons.

Make sure to shop lenders around, as you get the biggest bang for your buck on your first purchase. 

Pray to whomever they want that they don't have to come to the closing with a check.Good luck In theory if those numbers are anywhere close to reality he might despite himself make a buck.