Put in your written request that you need an answer within 24 hours so that you can begin to correct the issue so the damage doesn't worsen.

By renting a second place for a period of time, you are just worsening your financial situation by increasing your expenses while not adding anything to the asset column.Personally, if you're OK with living where you are now, I would use down payment and go hunting for an investment property that will produce positive cash flow to help offset your existing losses on the condo.

If the condition worsens, you're duplex may even be declared "condemned."

Not saying their won’t be an impact as the economy worsens but not as bad as other areas in my opinion. 

We can only give general predictions and of course most - if not all of us - agree that we have no clue when it will happen.Things such as low interest rates and money printing are only prolonging and worsening the inevitable and they also only muddy the waters on a prediction as to when a crash will occur.

As there are not active foundation issues that will worsen the issue, let it ride.  

As long as 75% of the rental income minus the PITI on the investment property is a positive number, I believe that would add money to my reported income without worsening my debt (since the rental PITI isn't double-counted).

Forecasts provided by the National Oceanic and Atmospheric Agency that extend through July 31 show no projected improvement in the region’s conditions–and indicate that some areas farther south—including San Diego County—that are currently experiencing only “abnormally dry” conditions rather than an official drought, may worsen into drought status.Phil Spector’s Castle Sells in Alhambra.

If they do, now they would even push Joe out of the affordability and worsen the problem.

Curious,since the real rate of return on cash is negative and continues to worsen due to current monetary policy is there a point at which one leaves cash in purchased and rehabbed properties instead of pulling it back out to purchase again?