I was in a very emotional place at the time and did not make the best decision for myself and had bad guidance as a 1st time homebuyer.

These are very important words to live by, you must always separate the emotion and the business, its about building wealth through value.I think we are seeing the polar opposite today in Cleveland, we have a crazy surge in new construction apartments along with massive conversion of commercial to residential, with a 99% occupancy rate.

We definitely don't always agree, but we respect each other and approach those disagreements from a logical, non-emotional point of view.  

I was in a very emotional place at the time and did not make the best decision for myself and had bad guidance as a 1st time homebuyer.

I think it is important to have minimum criteria to stick to, should make finding a good property less of an emotional decision and more of a business one instead.

If you consider that your future business decisions will all be based on negotiations of some sort and you get emotionally involved to what better suits the other side rather than your own life and that of your families you are sure to fail.

The mark of any good con is to play on someone's emotions (whether they be positive or negative) In this case the joy and excitement that you are felling may potentially be a bad tenants open door to their next landlord victim.  

This is possibly going to sound a bit harsh....You either need to hire a property manager or not be so emotionally tied to what tenants do or don't do.

People in a distressed situation have naturally heightened emotional reactions and sometimes react by not facing the problem.

.- During that initial week of escrow that the buyers are rushing around getting things done, mom dies, and the buyers frankly do not have the emotional strength to go through with this at this moment.