I’m looking to relocate to the Bath/Brunswick area from Maryland.

I'm not familiar with CT laws or real estate practices there, but in NC you can terminate the purchase during the "Due Diligence" period (you put down DD money to have the specified time...usually up to 3 weeks) for any reason or no reason.  

It seems to be a fairly common practice.

I know people who relocated to the DC area and have been renting their Madison, WI home out on an academic year basis (at the UW Madison) and they come back and stay at their  Madison home a few weeks the summer.   

When I say I am new, I am very green in practice - outside of buying and selling my primary residences and renting out part of a property I own, I haven't don't much else with real estate.I have put quite some time into reading up on different topics in this area and watching podcast, webinars etc.

You and the Seller have essentially violated the law by taking money that did not belong to you.What does this mean in practice? 

I had recently been relocated for work which is a great opportunity, but leaves me with the dilemma of selling or renting my relatively newly purchased townhome (1 year).

I had recently been relocated for work which is a great opportunity, but leaves me with the dilemma of selling or renting my relatively newly purchased townhome (1 year).

Sold in 2014 cause I was going to relocate and knew nothing about real estate investing…fast forward to today, that same home would rent for $2,200 a month easy and is worth close to $550k.

They practice what they preach about wanting to help others.