Hi,I am new to BP and to the real-estate investor world. my only (horrible) experience in real estate was to buy my personal house at peak of 2005.

All of that being said, feel free to PM me for ideas of what has worked well for me and what has gone horribly wrong as well.

I had horrible financing terms as my closing cost was $16,000 (two closings), had to have two appraisals, had to pay 4 points and 25% down.

He called me today asking if there was anyway I would let him out of the contract because his family is making life hell for him and he feels horrible.  

It's horrible to go through these things, but we often only grow and evolve when things get difficult and can later look back and see where this may have pushed into a direction we might have never taken on our own and which was positive.

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?