Starting over after a bad first property

[Jairo Freyre]

My business partner and I rehabbed a house in Texas beginning in April of 2014. We basically were helping a lender out because he made a loan to a person who couldn't finish the property he borrowed on. We were trying to avoid the lender foreclosing on the property. Being that we had no money to put in or experience in rehabbing, it seemed like one of the only ways to get into real estate investing.

We took out another lien with the lender and finished the home. It is in a small town in Texas so it is taking a while to sell the home. Recently the lender had to foreclose on the home from the initial borrower. So far the lender is being very nice and allowing us continue work on the property to sell it so we both break even after everything is said and done. There are a lot of if's but we have kept costs down and breaking even is a realistic goal for both the lender and my partner and I.

The question I really have is how do you get the motivation to start over after this. This house was so much work and time for basically some knowledge. From a good amount of podcasts and stories I have read on this site and other places, people often break even or lose on their first property. How long do you wait before starting again? Is there a certain amount of money you have to build up again in order to start. Is there a book or article that helped you start again? I know there is not one answer to these questions but I would just like to hear what helped others so maybe I can get the drive to do this again. Any advice comments would be helpful. Thanks!