deed in lieu or walk away from bad performing property

[Jose Garcia]

I have a rental property in Georgia that i purchased in 2006. It never recovered the downturn and it has a negative cashflow. Balance is around 124K. Value around 110K. Negative cashflow around $350. Should I Deed in Lieu it or walk away from it. 

[Jose Garcia]

The values and rents have been flat for many years. I can’t refinance because it’s under water.

I bought this property from a turn key network when I first started. I did not buy it right and did not do my homework, but that’s how we learn.