Your situation while different seems worse at this piont but there is no trading for self esteem.

Esteemed fellow BP readers,I am considering between purchasing either a 4 unit apartment building in the Watts neighborhood of Los Angeles or a 6 unit apartment building in the Mid City neighborhood of Los Angeles. 

Depression is brought about by social rejection, lack of self esteem and the realization that initially, circumstances are not such that can be simply willed away.

Perhaps my esteemed BP colleague @David Krulac will chime in to confirm / expand on this ...

Confident people can make mistakes without their personal self esteem being dinged, arrogant people can't.

Yes the Bernie Madoff situation crossed my mind, but again the individual is a highly esteemed member of BP and hasn't lost anyone money in the 40 years he's been in business.

The devastating part is the suddle hidden effect of lowered self-esteem from being robbed of the struggle to work and earn the things they want.Where as it might seem like a good idea to give a child or someone something for free, in my experience they tend to appreciate it more when they have worked to earn it.

Hello esteemed Bigger Pockets colleagues.

I do want to point out that if all the young people we’re as smart as you they probably would not need a degree:) For many young people going to college “Could” help their self esteem and give them the courage and atmosphere to dream bigger.

Where sunk costs come into this is twofold:  Going forward, you'll have both your good credit and your self esteem.