You need to find your own way.Sometimes i wonder why we chase wealth, while death is not too far off.I admired his courage to be different and looked at his life story as a motivation to never give up.A fine guy and would surely be missed.

My Goal is to become one of the most successful and respected RE Investors in the state of Maryland by providing Excellent services to people in need (Motivated Sellers) as well as provide lucrative amounts for my end buyers....and my self of course...lol

You found a motivated seller...

The typical FMV of similar units is between $70-75k.Seller is motivated and willing to listen to creative financing offers.

Focus your efforts on marketing for motivated sellers.

Buy and hold is capital intensive unless I can find some very motivated sellers to get creative financing with.

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Instead they just want to get the pain over with as quickly as possible.You also have to find a bank that is motivated and doesn't want the property (shopped) listed by the seller to fully expose multiple offers and compete with other investors.This is why many people wholesale.They make a few k on a marginal deal and let other investors take the high risk.Then they only buy when they get a really good deal for themselves.I would say "Do not get emotionally attached to this deal and overpay because you wanted to BUY SOMETHING" Instead just treat it as a property and if someone overpays for your goals then move on to the next.Remember it is easy to build a crap portfolio with marginal returns.It is much,much harder to build long term quality properties at a great price that will create generational wealth for the your family.

I feel bad because me and the seller were motivated to sell, and worked hard at it.

You don't want to appear as a motivated or distressed landlord - IMO).