The previous owner of this duplex was a disgruntled landlord that literally couldn't sleep and was physically sick due to the terrible tenants she had.

He then wrote everyone's name on the board with two columns showing the design of card, and LAST YEAR'S EARNINGS.No one in the top 10-AVERAGE income $120K (this was in about '91 or '92) had anything other than the plain-black print, corporate logo in blue-card.

It would cost him around $600-$700 to replace the cabinets with the generic plain white cookie-cutter type cabinets, about $75 for a formica countertop, plus the cost to fix the walls correctly and replace the pipes in the wall, plus new bathtub faucet (I suspect plumping has actually rusted since I noticed rust in the water and on the exterior of other pipes around the duplex).

Stated plainly Mr.

I'm loving all the good advise, scenarios and just plain learnin' here.

I struggle with chronic depression and anxiety and I'm sick of dealing with this stuff.I'm a sharp kid and I learn quick.

(It seems surprisingly common for inexperienced investors to believe that profit = rent - mortgage.)Default on loan and enter foreclosure or just get sick of losing money, depending on how emotionally invested they are.

I've bought rentals from desperate landlords who told me they were physically sick and couldn't sleep due to the stress of their tenant or money situation.

Even in our agreement that we have our clients sign prior to starting their services its states that you can do it your self of you can hire the services of a credit repair company to act on your behalf plain and simple.You call these services expensive but what we are charging for the services is actually reasonable but you if must add a dollar value to it then though shall.

In a short 6 months I had accomplished nothing but making myself more sick and depressed, subsiding on my life savings which was about $140,000 cash.