The judge only gets involved if there is a dispute, in the original foreclosure there was no adverse party so there was no opposing viewpoint.   

Stepping out of the victim mindset is a constant challenge, especially when you have had adverse situations happen through no fault of your own.

>Dan has had to rely on the market outgrowing his negative cashflow.So far I have never purchased a negative cash flow property, but I would not be adverse to doing so if my pro forma projected a return that meets our criteria.   

Even the decrease in 10% rent can have adverse effect on cashflow.I am also open to do a cosmetic repair where I can improve some of the stuff to compete with newer homes in the area (say granite countertops and stainless steel newer appliances).

It is almost NEVER advisable to hold real estate in a corporation (including an entity taxed as an s-corp) because of adverse tax consequences when you sell.

If you are risk adverse real estate, (especially out of state) is not for you.P.S.That guide @Ben Halabi shared with you above is pretty solid.

As you go through each crazy adversity your skin will thicken .

@Brian Moore I always love reading stories of adversity, where other investors are honest with the hard lessons learned...it's how we all learn and grow together.   

If the net average is positive it shouldn't adversely affect your ability to lend.

If you are risk adverse real estate, (especially out of state) is not for you.