@Soulo Zample that doesn't sound completely accurate.

This doesn't sound like any kind of awesome deal, unless I'm missing it!

If so and the price doesn't reflect that you will need to replace them, negotiate the price down.

Still doesn’t explain.

He doesn't live in the house, but we're going to drive by later this week (we aren't local) to check it out.

Also probably doesn't know what the codes and regulations in that state are. 

But I guess if it doesn't really matter where I begin to buy if I'm half way around the world anyway.  

You might find that there are restrictions you can't live with like prohibitions on parking a camper, boat or commercial vehicle - and even the colors you can paint your doors or shutters.Be sure to ask whether there are any pending lawsuits against the condo association or any special assessments in existence now or anticipated in the future.You shou;d also request a certificate of good standing from the condo association, meaning that the seller doesn't have any outstanding fines or fees. 

So about 50k of debt currently and that house, of course, doesn't generate any rent.

You're planning to pay full price, which doesn't give you a lot of headroom.Worst of all, as an investment, this is only showing a 5% cash-on-cash return.Why don't you look into a multi-family?