I think the biggest change in me personally and mentally is the realization that you can take control of things and impact your situation more than you think generally or more than the normal person is educated on. 

Having a rewarding career and good work/life balance should be the goal in my opinion, for mental health and for financial security, not simply quitting and rationalizing it as “financial freedom”.

Drop your I-want-to-be-invested-in X-days mentality.

Hey could also claim he was mentally ill, not of the right mindset, he could argue he did not sign the agreement someone signed it for him.

If everything needs to go perfectly for the deal to make sense, you've got to create a matrix of paperwork and hope your contracts are really bulletproof, and pray the loan never gets called and nothing ever goes wrong and do mental gymnastics to justify it, then it's not a deal IMO. 

Your monthly burn would drop to around $3,000, and you’d have more mental space, more options, and a much simpler financial life.

Agreed mate,I'm all about taking personal responsibility and I have been swindled many times in a similar fashion like many feel on this thread.It seems like these investors including myself in other instances get negligent and don't read between the lines.Especially after trust and a relationship have been established, we become gullible and don't second guess or question.Maybe it's greed for some but in my instance it wasn't.Just innocent and trusting stupidity (No, I'm never a victim as that is ******** mentality in my book).I had some spare $$$ and wanted to diversify in other assets through folks I considered friends and trustworthy business partners.Didn't even think twice to look things over.Looking back, it all makes sense now but it's easy being a general after the battle heheI only blame myself here...I mentioned in the thread further above that I lost to the tune of hundreds of thousands of dollars.Again, it is what it is and it's a lesson.Only myself to blame and have always taken the high road in such instances.As much as I'd like to fight for justice and go down the legal path, it just isn't worth the time and emotion.Upwards and onwards.Become better and make more than you have lost.Each to their own and that's just my personal "modus operandi"

Constantly trading properties would take to much time and mental energy, which I need for something else.

I used the same logic so since I had mentally marked my investment in AVAF1 down to $0, I asked myself, if I had the amount of the capital call available today to invest in this as a new deal, would I do it?

It’s a smart way to capture those paper losses and use them to reduce taxable gains, which is definitely something I’ll keep in mind as I look to manage my portfolio.And, yes, I’m mentally okay with seeing the $100k drop to $90k if that happens, knowing I have a long time horizon (given my age).