@Mark Mynhier , I can tell you want this to be cooperative, so this is what I'd do.Meet with him and develop a recovery schedule.

Hey all, I was a collegiate athlete with a degree in criminal justice.

Celebrate with the people you care about as if you have passed a milestone in an addiction recovery program.So I would sell the car and pay down debt with the money.

Landlord Debt Reporting Service, Rent Recovery Service, etc). 

They’re the most labour intensive to recover. I

In fact it may be my most profitable rental property.We've since turned the property into a drug and alcohol recovery house rental that we still own today.

As Nouriel Roubini likes to say, the "experts" have predicted 6 of the last ZERO recoveries during this recession.http://finance.yahoo.com/news/Financial-experts-say-apf-14734171.htmlIf you're looking for a quote from the administration saying overtly that the recession is over, you won't find it.

However I can't see how this work out with economy still in the recovery mode (people with no jobs, jobs with less wages and/or jobs with insecurity).

I looked at buying them a few years ago but I did not like the holding costs and not knowing when the recovery would start which is much clearer now.

If it takes you 3+ years to recover, I might not even look into that route as I'm just looking @ a 2-3 year hold.