She said there is was a housing shortage due to university.

It’s sad but true, you really need to be a skeptic with every dollar that you spend because it seems that there is no shortage of people who try to sell you things that you don’t need, or simply skim your money out of a deal (like an insurance agent).

I dont recommend doing a CMA that the computer spits out because of too few datapoints.The rest of your plan sounds good and I dont think there is a shortage of houses in your area to keep the plan going.BTW some other options are Trading your property for someone who is having trouble managine small apartments, Exchanging property, O.F. with large down, getting rental commitments but not signed and appeal to commercial buyer, or Lease Option.

If there is a shortage of houses on the market then it is safe to say its there is also a shortage of rehabbed properties so why not let yours be there for the people who are buying- With any luck you can have the house sold by spring and looking to buy another.

Unfortunately, there are no shortage of scammers who use the ploy of stating they can lend on high LTV deals to suck in desperate borrowers.

If you could get the lender to agree to a short sale, even if you have to accept a note for part of the shortage or bring cash to closing, may be the escape that costs you the least.I seriously doubt that holding onto this for three years and continuing to take your monthly loss will result in a net improvement.

I'm no expert on Detroit but my understanding is there's absolutely no shortage of units available.

Depending on how they're getting a loan, though, the lender may refuse to allow them to make up the $6000 shortage.

We just get mad when they don't squander it in OUR DIRECTION.Milton Friedman the famous economist once said - and I paraphrase-"If the US Govt. took over the Sahara Desert, in 6 months there would be a shortage of SAND"I remain forever a fan of Real Estate,Rob ElyREauthor

There's no shortage of buyers in the better markets in CA.