You are not going to be able to Allowing foreclosure, or accelerating it (Deed in lieu) has negative effects, not just on your credit report, but also on  self esteem and optimism.

I think our esteemed leaders should have done more to protect us from the opportunists, but even there, now that courts are functioning at least we can sue them for a judgement and garnish wages if they are not judgement proof.For filling current vacancies, I think high credit score or section 8 tenants are the safest bet.

I should have listened as he did have a Financial Degree plus an MBA & CPA designation.He 'retired' into being an esteemed financial advisor plying his advice for the proverbial front/back end % from those he puts into mutual funds.

Yet, here we are, asked to rely on Pub 527:https://www.irs.gov/publications/p527#en_US_2019_publink1000219075Quoting from the esteemed publication:5-year property... 

People think real estate is a silver bullet that they load shoot and all of a sudden their troubles are over,  their depressions over, their  low self-esteem is over And they’re driving a brand new Cadillac when they’re not on the beach drinking lemonade.

Disagree with my esteemed colleague.Interest from the "new" debt should be (appropriately) traced to the investment property. 

Maslow said human needs can be prioritized: physiological, security, social, esteem, self-actualization.

I am also a passive partner in 2 other properties: a 60 unit apt complex and a commercial property.I would love to pick-up tips on how to become the world's most efficient & profitable landlord/property-manager (including pitfalls to avoid) and I would certainly also be open to additional Brooklyn investments if the math & cap rates were compelling.Although I already own some property, I'm not so naive as to think that I don't have much much more to learn from you all and I'm looking forward to learning from the esteemed and experienced real-estate professionals on this site.Any other Brooklyn investors or Property Managers out there?

I would recommend you read this article by our esteemed colleague @Brandon Turner http://www.biggerpockets.com/renewsblog/2013/04/09/how-to-buy-a-small-multifamily-property/Also another good read on MF is multi-family millions.

While his kids have money, they also put up with being the son and daughter of so-and-so, I bet they wish they had a little less money and had thier father held in higher esteem. :) Specifically, I think most everyone on BP are good folks, some very good but I have noticed a few that I suspect as bad apples, but that is expected in anything.