My wife bought it as her primary residence in 2004. we got married, she moved in w/ me & house was underwater. didn't want to affect her credit & we wanted to buy another house so resorted to renting out. no $ down really hurts but what can you do?

My wife is thinking about Hollywood FL and we have a friend who has a place in Fort Lauderdale but this is in general about FL and can include resort areas like Sanibel (etc..)One thing we have been hearing the condo / housing market has taken a beating in FL so we figured now may be a good time to look.I worry that over-building will be a problem new units are being built all the time.

Have you tried any of the national players?

But I appreciate the responses.I live in a resort town in north Idaho.

one word - TENANTS.i'd relate being a landlord to a poker player -the pros or good players play like they've already lost - so they've got nothing to lose in their mind. as a landlord, if you're going to start renting real estate - rent it as if it will be totally wrecked.ASSUME THE WORST AND PREPARE FOR IT.don't buy and assume the best.hope for it.

Prior to working in the commercial field I was involved with resort development.

I've been curious lately about how lucrative and costly it is opening up a timeshare resort.

Every now and then I resort to the BP search, which is not so great, The advanced search sometimes is OK.

Because the properties I have chosen are in destination resorts, they suit my lifestyle and have worked out really well.

Going into foreclosure should only be a last resort, and with other assets you should not have to go down that path.