That debt will stick with you for life even if they take back the property from you.

Did did a bunch of fix and flips, land contracts, rehabbed and kept a number of small (4-6plexes) multiunit residential, some single family rentals, couple commercial buildings, things went south in about 07, split with my partner to try and survive, worked day and night for another year to regroup and survive, the final collapse in 08, worst year of my life in every regard.

When I first moved to Phoenix, I didn't know anyone, so my social life was sparse.

For example, what's the remaining life of the plumbing, roofing, mechanical systems?

When you 1st get into this business and get started its so important not to waste your time managing debt for 30 years that wont return you decent cashflow and returns for teh rest of your life.

That product looks end-of-life since they are not taking customers.

Avi, there is a lot to know about when it comes to rehabbing but I will cover a few of the most basic mistakes new rehabbers make, although it sounds like you have some real estate investing experience so hopefully you can avoid these:1) Overestimating ARV (after repair value): it is human nature to be optimistic and look at the best case scenario, but you have to be realistic when analyzing the end sale price of a property.

ADVERSITY is what defines success.For some it makes them quit and give up and for others it makes us STRONGER and more determined than ever to succeed.Everyone sees success of people and admire it but they do not know the trial and error and years of failure and enduring to get where they are today.Doing something amazing with your life is NOT a success only journey.

We plan on moving to Florida in a few months to start a new life.

I make my life much easier with my real estate investing.