@Lauren Heart You certainly want to address this asap before tenant tacks on 'infliction of emotional distress'.

Here's what he wrote:"First, I knew it was a pre-foreclosure so I knew there would be a lot of emotion involved.

Another good info source if you have some money skills is The Money Guys; they follow the FOO (Financial Order of Operations).https://www.moneyguy.com/The big difference I find is emotion based vs math based, for example, some folks should not have a credit card, some folks know to pay it off each month...None of us out here in BP land have a clue about your situation, except you seem to thing Day Trading is a reasonable path.  

Emotions for a homeowner are always attached to their property so it's important to know the background.for something that has a lot of potential I send a bit of a more detailed letter.

HI Julie,There are benefits of owning a home but like many have said it depends on how or what the pro's and con's mean to you personally.A primary home can offer emotional and psychological benefits but I presume you're asking for the financial pro's and con's.

Since you're emotionally invested in the deal, it's good to have someone with no interest do comps & see if they come out the same.What I'm saying is if you aren't buying below market a decent amount, you erase your exit strategy of putting it back on the market.

Your script will be different, especially for people in emotional distress like pre-foreclosure.

On and on and on....Lawsuit itself was only < $1000, but it was the last straw on a "burned out landlord", and hurts WAY more emotionally than financially...Made me FINALLY willing to admit I was not good at OOS investing...

It's when you get into a situation where the property you're trying to value is a little unusual whether it's the house itself, the location, if it's in a remote location with there are few sales annually, etc.When valuing a home that you have an interest in, it's important not to be emotional, and to be realistic about your property, or about an investment you're going to make.Lastly, what I tell agents who ask me for advice in either pricing a property to put on the market, or to assess the property that has been sitting on the market for too long, is to look for properties that tell you what you are property is NOT worth.

The feeling of discomfort isn't validated by fact, just emotional discomfort...never had a house rent for so much.