Any suggestions?

[Theo Underwood]

I have a mortgage on a rental property that has been vacant going on sixty days. The tennant moved and left plenty of work for me to do:painting,new kitchen floor,replace railings,and general clean up.The property is an hour and half away from where i live. Oh the tennant also took my stove and dishwasher from the property! I had this property since 2004 and its decent! In Febuary i'll be two months behind. Should i spend the money to fix it and rent it again,short sale,or give it back to the bank? Help!!!!

[Duncan Taylor]

You've had this property for 10 years and you didn't have enough reserves to cover a two month vacancy without missing the mortgage payments?

Okay...

• How much is the house worth?
• How much to you owe?
• What are your monthly mortgage payments?
• What is the cost of the work needed to make it rent ready?
• What is the market rent in that area for similar houses?