This is not a horrible deal.

The Catonsville location was horrible to deal with.

That makes a huge difference for what type of tenant you can expect and whether or not $2/ft/mo is great or horrible. 

He tried to flip a couple houses in Minersville and had a horrible time trying to get them sold.

I've searched through the forum and the internet, but it's tough to find answers about this because "estate sale" is so close to "Real estate sale" that it all gets jumbled..lol.Check out these two recent sales in Brooklyn:http://streeteasy.com/closing/10268126 - sold for $300K, zillow thinks it's worth $1.8MM, probably worth at least $1MM unless it's just in horrible condition.http://streeteasy.com/closing/10269169 - sold for $950K, zillow thinks it's worth $1.475MM (and other online valuations put it at over $1.8MM), it looks to be in great condition.What's the common denominator?

I have had some horrible and some outstanding section 8 rentals just like in my retail rentals.

I've found that some of my best tenants have horrible, low credit scores.

I did just notice it says Wellington heights.. is that a horrible area?

I recognize I'm jaded though; the Washington DC market is notoriously horrible for making any cashflow.

I had no money, horrible credit and wanted to do Real Estate.