Hey  EveryoneI've been trying to buy a house for a while now. Recently this June, I saw a detached 2 Family house in Woodhaven, New York. The Seller is an investor and he didn't want to use an agent. My brother and I ...

You live in a giant city.

You may just be the next Real Estate Superstar and be running a giant REIT in a couple of months - I really have no idea, but I think other folks on the forums should be a little cautious before using your examples for their own investment strategy. 

You have 1 giant failing to your math on how "great" the $25k was of a return, labor costs.You say it took "all my free time for 3 months", by my conservative math that comes to 360 hours, and most likely more. $25,000 / 360 = $69.44....

Why rush it when you just made a giant leap forward in your own personal goals and live/work balance? 

In addition, it is key to ONLY buy property problems you can readily fix/ resolve and by your question this is a problem outside of your wheelhouse and that is a giant risk with high fail% potential.

Obviously I don't want to wake a sleeping giant and have someone tell me I have to tear it down and start over.  

Awaken The Giant Within by Tony Robbins was awesome. 

Just because it's way down, doesn't make it a better investment to you than if it was up.If someone had a property that you described as "a giant turd, with tenants" and "I wouldn't buy that property if it was $?????

It would be difficult to compare yourself to some of the giants on this website.