It started as an emotional purchase as it is the house next door and I didn't want to see another tear down/massive tall skinny plex go up, but it has cash flow.

There was a lot of information exchanged from financing strategies,  partnering, lease contracts, evictions, property management, emotional attachment. and much much more.  

Don't rely on emotion when you start doing deals.

Not too much emotionally attached but its a good area with good schools.2) Cost of re-entry.

Taking emotions aside this could be a possibility to minimize the loss of rent.

Don't let any emotions you may feel cloud your judgement on this business investment.

1) Don't buy 2nd's unless you know what you're doing (which you probably don't).2) Don't forget to check for all the other liens that might stay with the property, but do make distinctions between liens that stay with the property and liens that don't.3) Don't by sight unseen unless you're trying to place a ridiculous amount of capital and you can make it up on volume.4) Don't buy without determining occupancy status and the "temperature" of the occupants.5) If the guys that show up every day are bidding on something, you probably can't make it work on your margins.6) Don't get emotional.7) Seriously, don't get emotional.

Commercial is driven by business decisions and is less emotional when dealing with issues.

Take emotion out of it and talk face to face to work out a solution IN WRITING signed by both of you.

Right now our business is "feast or famine" and I'm tired of the emotional swings.