unfortunately, there aren't too many options here. you may need to rent the place out until the market rebounds. or try and find a portfolio lender to get a loan from.

I am not sure if this market in this neighborhood is going to rebound within the next two years.

Certain cheap markets will rebound economically better than others.

Keep your position in GE hoping for a rebound?

I may as well wait for the economy to rebound and go back to fixed income securities, which is a simple as buying a cappuccino.

The area I have questions and welcome ideas in how to sell the property 3-7 years down the line (or sooner if a rebound and a good marketing plan) to the RIGHT buyers.Most who bought during the upswing bought because it was waterfront property... the boat slip was a minor plau for them as they weren't living there, didn't own a boat and wanted to rent to anyone who would pay.

Another warm place that's been hit hard and could eventually have a nice rebound ...

Of course, the market here won't appreciate as rapidly as markets like Phoenix, Las Vegas, or San Diego in the rebound to come, but certain parts of town with newer construction and broad appeal should appreciate enough to make any long term investor happy.

Your perspective about the society in which we live and the opportunity to rebound despite an early failure is also great.

Market rebounds, I decide to cash out finance and buy my next property.Because the market has rebounded, EVERYTHING is out of my price range.