Full liquidation of partnershipI feel like we've exhausted all of our options, but still are struggling with figuring out the perfect solution.

Eventually the distributions will exhaust the cash, then it gets even more complicated, especially if I'm unable to put rental income back into the IRA. 

Brokerage firms have developed structured processes to encourage this mentality and force agents to compete with each other.

Once you've exhausted your Fannie Mae resources (up to 10 financed properties), then start borrowing as a business. 

That's strictly a cashflow mentality since he seldom assumed appreciation.Colorado is experiencing major appreciation, so you could lower your payback standards since your profits would come from appreciation.Finishing the basement: Assuming $15,000 to get an extra $250/month, that's a payback of 60 months or 5 years.

I do a Mental Rehearsal before starting a project.What do I do if X should happen?

The amount of time it will take to evaluate the deal, find people with knowledge of the area, and consider your options with the property will leave you exhausted.

As for the tenant being dramatic and not picking up, I’d like to point out that pregnancy is exhausting and pregnancy with complications is overwhelming beyond belief.

Also, if you're reading a good book and it mentions a U.S. law, or custom, maybe just make a mental note that it may be different near you....then ask other investors what their thoughts are....The networking will do more for you than you can imagine!!! 

Justin Seng you need to have the mentality that 99 percent of all reasons tenants give you for not paying rent or paying late aren’t valid.