There will be blood on the streets and those investors who weathered the storm will have plenty of opportunity to buy at a discount.

Buffett says, "Buy when there is Blood in the Streets."

I eat out once a week (I pack my lunches), no cable TV, cell phone bills are below average.

What you're trying to avoid are those folks who haven't paid their cell phone bills, cable, internet and on and on (the record I got was someone with...150...yes, 150 accounts in collections!).

@Jake Thomas  good points.. when I first started in real estate sales circa 1975.. there was no internet heck there was not even a MLS or a computer on your desk top.. the MLS was a big book.I worked every weekend both days 50 weeks a year.. and I worked 3 to 4 nights during the night.what I did have time though during the day ( because not bogged down on computer or cell phone) was to golf fish other actives that I could do middle of the day.. 

Hi Pat, you haven't put your email or cell number in your profile or footer.  

Originally posted by @Atwan Kwan:@Brent Coombs filing is fine, but the idea is to settle out of courtGood luck getting blood out of a stone...

Basically being late on one of my properties cost them almost $50-$70 half of their cell phone bill.

And I would like to think one day in the future I can provide that opportunity to an individual(s), a couple, or even family who deserves it the most.That being said, everything in our society comes at a price, whether it is financially or through blood, sweat and tears.

You can PLAN ahead and execute this plan extremely successfully.For you, here's the blood, sweat & tears decision:It doesn't sound like you are in a position to buy your next personal residence?