Take out emotions (as hard as it may be).

Emotions will get you burned.I also believe that macro economic/demographic criteria should be met before any othis.Hope this is helpingBest,Joe

Now this may be reading into your post too much but based on the vivid detail you provided, you are way too emotionally invested.

I have a few times been ready to give up (a couple weeks ago with 5 out of 57 units vacant, 3 more coming up) Just alot of phone work and driving ....What Iv'e found is that there are two things at work: 1. your emotions - how you FEEL about what's happening, and 2.

In states where the sales price is much lower you may need all 6% to just pay for the non reoccurring closing costs.As to why someone would want to put the least down or pay PMI, its either a financial planning decision or an emotional one.

Rick H. sister is in rehab...after a long discussion over a couple of beers we agreed on the strategy as we have both bought a few at the same annual auctions.apparently the home needs a lot of work so hopefully it will not bid close to the current liability as he is emotionally attached to it.

Elizabeth, I'm also a believer in second chances, looking more into the person and the whys, we all go thru tough times but I realize this is business and if I get caught into it emotionally I can make unwise decisions, I like the guy, he's giving me my askingand really like to rent to him but I'm hating the idea of having my first eviction.

I've heard of people who need pets for emotional support and may even get "prescribed" this from a physician.

Be glad they aren't asking for an emotional support Python or pig! 

Opinions, "majority rules", emotions, # of followers, # of likes, being male or female,  has NOTHING to do with it.STOP listening to others and think on your own.I am not just talking a good talk.