Any person with personal bad debt is mentally not prepared to invest.

Further, much to what I have already said, the real practical matter is it is dangerous for investors to have this type of mentality.  

My previous profession was in the Mental Health field and Government with various other jobs along the way.

@Abidemi OnibatedoFHA or seller financing are two options but I would recommend be careful investing with little money down as on day 1 you are already upside down on the property and having the mentality that real estate always rises when you are cash strapped is not a wise decision

Andrew:That is a stock market mentality. 

I have to be comfortable renting to the people that live in the area (I don't care about race, family type, sexuality, I'm talking about the war zone personalities/mentalities).Anything that meets to above criteria I want to keep as a rental.

I also have partnered with the local county programs for adult mentally handicapped tenants.

I look back at it as a great decision.Selling it cut my looses in a declining marketIt was a mental relief to get rid of the problem.

That is a home owners mentality.

Lots of people jumped into a small handful of markets where there are no other strategies/exit plans, whether that be from that type of advice and/or herd mentality.