Interest rates are amazing right now, and they could be horrible in a few years.I'm afraid that if I buy this house at a premium (what I think is $25k-$35k over priced), that the market will calm down and return to where it was in 2013-2015.

It's possible the house is a great buy at market value or a horrible buy at 10% below market value, all depending on what you're trying to achieve with the property.Determine what you're trying to achieve first, and then use that information to determine how much the property is worth to you.

I know it's horrible but he made a killing on it.If I were you I'd pick up cheaper rentals where you could bring home 300-500 a month off each house.

Just as in the US – there is a huge difference in investing in California (horrible economy- but REO and other opportunities) or Wyoming (strong energy related economy but not many people).

If you're wanting to buy long-term and live in a place 5-10 years, I don't think buying is a horrible decision.

$60K for $370 in rent is a horrible deal.

What do you do when you are aware that a neighbor's rental property (not yours) has a potential mold issue because everyone that rents it moves out after getting horribly sick with pneumonia and recurring respiratory infections?

It's horrible until you sell!

After reading about the 2 deals represented here I think the deal I have on the table is horrible!

Even if something sucks and is horribly written I can still usually get a couple good ideas out of it.