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[quote=Anonymous]If the rental is paying for itself, that means it's also paying enough to handle maintenance. You had a huge outlay, are you sure the rental is paying for itself? Don't just pretend, sit down with what it's making, what the average maintenance has been and what you can expect it to be going forward, and include big occasional items. Are you banking enough to replace the water heater in a couple years? The heating and AC in 10? Track your own budget. It sounds like you were living way beyond your means. That might have been temporary, or you may have developed habits which you really can't afford. You may not want to give up your toddler's part time preschool or whatever you're spending money on, but you may need to cut things back significantly for a bit. Both to pay down debt and to reset your idea of what you can afford. You're limited in your job opportunities but what about something like tutoring, handy-man services, or babysitting? Are those things you can do? If you don't have a budget, make one. If you do have one, seriously look it over and make sure you're sticking to it and it reflects the debt payments you're wanting to make.[/quote]
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