How do you guys deal with setbacks?

[Sharad M.]

Hey guys,

Just this morning I got news from the contractors that the bedrooms in the last unit of my 3 unit property needs complete gut job and is gonna end up costing me $2,000.

Not a good way to start the morning. So I just wanted to know how do you guys deal with setbacks? I had plans to go out and look for my 3rd investment property this weekend and I had been so excited about it till last night. But since this morning I am doubting myself that whether I am doing the right thing or not. I am just wondering if I am moving too fast for my own good. I have bought 2 investment properties in last 6 weeks and had plans to buy the 3rd one in next couple of weeks.

Do you guys ever have self-doubt or did you when you started out? This $2,000 expense is not a big deal, the property will still make money. With all the expenses combined (purchase price + rehab), it will come out to about $55,000 and I already have tenants lined up for total monthly rent of $1,800/month and with tenants paying the utilities. But I am started to doubt myself now.

Sorry for the long post. I guess I am looking for some guidance. I am a little confused.