If the seller accepts the offer from this math, they would only get about $45K at closing. $245K loss in equity. 

Philly is competitive, but lots more options and the math can usually work out more in your favor.

But I did my homework and I budgeted for it... so it will be OK! 

I was thinking of just going back over the three chapters and the real estate math and terms again, but even that will be tedious and...man.

The rest is my own math and research.  

I have The Millionaire Real Estate Investor by Keller and Real Estate Math by Gerald Shingleton on deck.

Also, let's think about all of the opportunities we missed out on because we were so tied up with this house.Lessons Learned1) Do Your Homework.

I think math was 10% of the test, and I already understood the investing side so that helped, but all in all the other stuff wasn't to hard.

When I did the math with the cash flow, it looks like it'll take me about 4 years to recoup the $17,500 that I would be investing. 

Just don't be a d*** and you should be fine in a c-class neighborhood if you do your homework on crime in the area.In my novice opinion: If you're looking at student housing in the fan, or museum district, or something like that, you're not going to be cash flowing much if at all.