Also invested in RE in Iraq and Egypt.

Must be a world away from the hustle and bustle of Silicon Valley :)And congrats for ending up in the right place!

Greece, teetering on the brink of total collapse and in months of riots, Egypt, Syria, Tunisia, Libya, China, Ukraine, the list goes on and on, this is JUST civil unrest and violence, that doesn't count our multi leg war program.... oh, sorry, police actions..... oh nope wrong again, I mean, "peace keeping missions", lol.

Following all the hustle and bustle he had the contract demanded the bank’s consent to the sale.

Love how bustling it is, especially now.

@Whitney Hutten You make some very interesting and unexpected points.At this point I'm intimidated by non traditional financing but I do plan to learn a lot more before I make my next purchase.I've been thinking quite a bit about partnering with more experienced investors as it seems like a great way to gain mentorship as well as to maximize the success of the investment.At this early stage my portfolio is fragile and I can't afford to make big dumb mistakes.At the very least I do not want to make another RE purchase until I'm feeling really solid on my network and education, not to mention the recovery of the economy.The question of whether to sell or hold has tormented me for years.There is one other factor I neglected to mention in my OP that made me decide to hold the property, for at least a year or two longer:This home is within throwing distance of a major city overhaul project that is drastically improving the area immediately surrounding it.It's been transforming a creepy downtown area that previously you would not want to walk at night (or even the daytime) into a bustling mixed use community.The project has been going on for years and right now is finally in progress in the blocks visible from my house.Also the house has easy freeway access, and is positioned within 10 minutes of an extremely expensive beach area.

Purchase price: $530,000 1 bedroom 1 bath condominium unit with separately deeded parking space in a boutique building constructed in 2007 in bustling neighborhood of Williamsburg, Brooklyn.

My concern is with the city not being a popular bustling city, what impact can that have on my investment?

Austin is a bustling hub for startup activity — and it has the numbers to prove it.A new ranking from real estate investment marketplace Roofstock places Austin at No. 3 among the major U.S. metro areas with the highest rates of startup formation. 

Politicians simply need to go to Cairo Egypt and check out their government housing blocks I mean if thats what they want.. pretty nasty stuff ..