If I ever am, I will accept the fact that I might not come out of it "made whole" - meaning I might lose some rent, there may be damage to the property that I cannot collect, I might have a vacancy, I might have to spend time and energy marketing, showing, and re-renting a property that should not have a vacancy.

Best decision I've ever made.

I love chatting with like minded people, let me know if you'd like to connect sometime or if ever have any questions!

Con anyone recommend an agent that I can work with to sell a lot I own in Waterford of the Carolinas, Leland, NC, purchased it over 8 years ago for $154,000 market crashed and the land value went down to $30,000 it has gone up to $90,000 Today, but don't have any hope that it ever get to number I bought it for.

Con anyone recommend an agent that I can work with to sell a lot I own in Waterford of the Carolinas, Leland, NC, purchased it over 8 years ago for $154,000 market crashed and the land value went down to $30,000 it has gone up to $90,000 Today, but don't have any hope that it ever get to number I bought it for.

Con anyone recommend an agent that I can work with to sell a lot I own in Waterford of the Carolinas, Leland, NC, purchased it over 8 years ago for $154,000 market crashed and the land value went down to $30,000 it has gone up to $90,000 Today, but don't have any hope that it ever get to number I bought it for.

I have consulted with my broker on her options but has anyone ever been in the situation?  

The loan was at 380k, punching that into a calc and looking at amortization shows that throughout the life of the loan we would have spent 275k on interest alone to get an extra ~4500/year back on the taxes... it seemed like that small return was outweighed by 1. not having an 2000/mo payment, 2. not paying the extra 275k in interest 3. peace of mind of not ever having to worry about having a roof over our heads.So, I know you are probably going to look at this and tell me that I sound contradictory or it doesn't make sense to want tax write offs but then give up the best/easiest tax write off available to "most" people.

Inventory is low and there will always be a strong demand for cheaper housing if ever you decide you would rather not hold your property anymore.The risks are 1) They crash / correct harder than single family homes in a housing market crash.    

In this case, I would incur that overage as a turnover cost.Obviously if there are large damages or larger jobs, I would deduct from the deposit.