Your best bet may be to meet with them and try to come up with a payment plan which gets you caught up and waves any late fees so the hole doesn't get any bigger.  

Lets stay connected to ride this wave together.

Hi Mark Elliott we have spoke I am currently in the contract for a home in Buffalo.

@Mark Elliott do you mind expanding on your strategy?

"The Portland metro is in the midst of a massive apartment construction wave.

@Mark Elliott@Rod Fisher@Frank Woodin@Rob BelandThank you all for the great replies!

@David Zinn I used your interest rates you posted above with a $74k loan (rounded up) and came up with the following:15 year / 4.125% / $552.02 P&I (not including T&I)30 year / 4.75% / $386.02 P&I (not including T&I)The concept that @Mark Elliott outlined does not work in your case.  

I loved your definition of JOB #Mark Elliott.

You need to be 100% sure you can hold on and ride the wave all the way back up, without getting bled dry by your "investments" In the meantime, it's not a terrible idea to get some experience by picking up a few rentals - especially if you can do it without depleting much capital, such as via BRRR strategy.

I had my AC go out during a heat wave a few weeks ago.