I don't particularly need to home for any reason nor do I have any emotional attachment to it. 

I kind of know that you need to get your first deal done but do not let your emotion make the decision. 

Never allow emotions to enter into any business decisions. 

You should not go with emotion and buy something that you might not able to support it and always have a backup plan.

Forget your tenant, think business and remove your emotions from your decisions.

We are still in the process of resolving the issues by pulling permits and re-doing the work but its a lengthy process and will still be a couple more weeks until it is resolved.Finally, I get a lawsuit letter from the tenant’s attorney today claiming emotional distress, hardship, food costs, lodging, etc. to the tune of $30,000 even though they moved into a new home within a couple days of leaving my property.

Also, the foreclosure process is definitely an emotional one, one of which many people are prideful and touchy about.

Rule #1: Money has no emotions, neither should investors.

I tend to believe that “emotion” and “risk-assessment” can’t be quantified in a spread sheet, yet they are very much significant factors in every investment decision. 

When you think you are ready to buy show up with a budget amount in your mind and stick to that and do not get emotional about purchasing something.