@Sean Dougherty The agent, if they had any short sale experience at all, would have known to determine if there was a second mtg upfront, submit short sale packages to both, and structured the offer and prelim hud, with 5% or so to the second, accordingly.......you’re now playing catch up with a so far botched short sale attempt.

The place I am planning on marketing to is primarily owner occupied, as the town is currently catching up in appreciation compared to the rest of the area.

They have consistently followed through with catching up, so I am willing to work with them.

When you never pay interest and using there money for free, they will try harder to catch you.

It implies you can forego 2017 depreciation and catch up in 2018.

I'll have to check out some new developments around me and see if there is something that catches my eye. 

While I research the property the best I can before the auction, if something was missed that the prelim catches I want to be able to bail out before paying.

Maybe the rents will catch up with the property appreciation. 

@Sam Shueh Ahhhh thanks for catching that!

@Naomi W Scales sorry I didn't catch this post sooner but I would suggest that you ask your lender a few questions in the interview process to see if they are any good at lending on investment properties.