A ton of knowledge that can be gained while nothing necessarily lost.

Distressed Home Owner, you just lost your house at a steep discount to a wholesaler ... so, what are you going to do now?"

I'm old enough now that I've seen hundreds of people brag about how they became a millionaire in months with no money down...check in a couple years later and many of those people have lost it as fast as they gained it.Make good choices.Work hard at your job and get promotions, or get a better job to be able to save money.

I have had two sf homes with water issues; both foreclosures where the bank in their wisdom chose to not pay the utility bills, and both properties lost power to their sump pumps.Both had to be pumped, and were fairly dry after an hour.

Sell, the $80,000 in equity you have lying dead in the property is costing you $500 - $600 per month in lost income.

I'm more secure then many of the banks are at that point, if my "mortgagees" for lack of a better term, lost their jobs, I'm in a position, I could help them through it by restructuring the note, lowering the payments short-term, etc and help them keep the property, if I chose to do so. 

Never allow tenant to perform repairs:doesn't matter if they have skills or notyou lost control of repair qualityyou have no recourse if there's subsequent issues with the repairissue of insurance if injured during the workand when tenants perform UNPAID LABOR, you can be in a world of hurt with State Labor Board if there's ever a law suit, aka Eviction or Small Claims

"More money lost in speculation of crash then real crash itself..."

Hey BP, I bid on my first property on an auction site and lost.

I bought my first duplex circa 2008 and lost my butt overnight.