Legal help! Should I sue?

[Samuel Liapis]

We recently purchased our first investment 2 flat for $280k. Our real estate agent/broker sold us on the property because it had a side lot. He said "selling this lot for $175k would be a fire sale.l, easily worth $200k." Well it turns out that you cannot build on the lot as it is not wide enough. He also said we could rent the basement of the property but due to local laws we are not allowed and he also inflated the cashflow to $2,000$ a month (based on basement rental included). We currently receive  $1,000 in cashflow a month so it is not a total loss.

After talking with some friends and other acquaintances about it, they said that I should sue. One former real estate agent said that they have insurance and I could sue under Errors and Remittances or something like that. 

Considering none of these guys are real estate professionals I wanted to get some input from the BP community about it.

Thank You!

[Scott Weaner]

You should sue yourself for not doing the proper due diligence.

Trust, but verify.