I want to push through and I hope I'm done with the problems soon, however I was wondering if anyone had a similar experience, how you dealt with it, mentally, physically and emotionally.

That simple.I'm not a motivated buyer and I don't want to get emotionally attached to any deal.

I do not buy it, the general public is just too emotional and dramatic when they make these predictions.America will find a way to pull out of this, that is one thing I do not question for a minute.

If I was shopping for a new primary residence and got emotional about a particular property, that's a different calculation of 'value' entirely :-) In my experience recently, the banks seem to care more about you being able to close easily than about how much you are offering....

I can see why REO buying is not for the faint of heart but I am more emotionally invested in this home than any others we have looked into since we see it as a possible lifelong home.Thanks for all the input guys.

Fear and greed are emotions that rule many decisions made concerning money, and the greed cycle lasted till about 2006-7, now it is the fear cycle.

I have not done it.I have too many tenants for that.Also different tenants have varying religious beliefs and some have no beliefs so I wouldn't want to get involved with that.In real estate when I first became an agent and a broker there were two hot buttons to always stay away from when doing deals RELIGION and POLITICS.My tenants would complain as well.I want to keep the relationship business.I fix the properties problems when the arise and believe it or not you are ahead of 80% of landlords if you do just that.Most won't fix things or get emotional over rent not being paid and get a handyman to screw stuff up trying to repair it.You can do a charity that is not tied to your business and give back that way.

It’s too great a financial and emotional part of our economy.Jeff

I too support the FairTax.You might want to ask the Native Americans how not paying property taxes ensured their permanent ownership of land.Originally posted by Greg Turnquist: With sales taxes, the tax base is wider, and people that make money through even illegal activities would still be paying into the tax basis, lowering the overall tax needs for everyone.Do you really think this would significantly change the economics of governement funding, or is this an emotion grabber?

We've been relatively successful with short sales, but that's just because we've learned that it's a numbers game and we don't let ourselves become emotionally involved.