My best tenant come from word of mouth.

Look towards investing in 2015 not next year, you will happier that you did.

Dion DePaoli, you said a mouthful.

My logic runs something along the lines that if they couldn't afford to maintain their mortgage the first time around, I usually hold no hope that they'll be able to maintain rent or a mortgage on the same property the second time.They have certainly exhausted all their cash reserves and are running hand-to-mouth (paycheck-to-paycheck) so until they completely recover, any little thing can throw them back into financial hardship - that's just a risk I wouldn't want looming over my bank account.Having said that, bad things do happen to good people and while their current intentions may be beyond reproach, unless they can clear up their mess on their own, they'll likely be moving out sooner or later - that's where you can step back in and truly help them out.

He knew about -business, -legal issues, -tax issues, -marketing, -sales, -promotion, -networking, and most importantly he knew about people (psychology).The first thing he did was tell me that you have two ears and one mouth, and y should listen more than I talk.Second thing he did was have me read "How to Win Friends and Influence People" by Dale Carnegie. 

Obviously get no takers, then a week later offer it again at a reduced price, then again, and again....leaves a bad taste in my mouth.

Never before in history have so many common people had such great opportunity.I was born poor, with a rusty spoon in my mouth, not a silver one, and my father died when I was 12.

But that left a good "taste in my mouth" for real estate, as the equity I ended up cashing out with was pretty good, even with doing everything retail.

@Lian Chavda  Welcome.I can still remember my first REIA meeting, quite a while ago.I was pissed that I had learned the hard way to Buy-Fixup-Rent a Multi family and did not know I could have avoided some of the mistakes through networking with more experienced investors;-)Remember, you've got two ears and one mouth, so you should be listening twice as much as speaking!

He purchased a large complex out of the gate and is probably much happier he did as opposed to compiling a bunch of 5-20 unit properties.