Whatever may be the reason for falling behind on the payment of the loan money or the mortgage money, you should immediately approach a specialist’s assistance.Pro Active ChoicesThe short sale in real estate occurs when the outstanding obligations or loans against a property are greater than what the property can be sold for.

The only thing I can suggest is to go and have a sit down with a couple of different management companies that specialize in managing vacation rentals and gather some information from them.There are a lot of vacation rentals in my area, but oddly, even though I know a lot of people active in several different areas of real estate, I don't know anyone who has vacation rentals (except for one friend with a B&B, and that's not really the same thing).The only thing I know about vacation rentals is that they are extemely management intensive and the management companies charge a substantial fee.You have turn over every week, and someone has to be there to clean, repair, asses damage, and inventory all the household items.

But now my RE activities are taking the forefront and I've all but quit accepting environmental consulting jobs (former day job).

It will kick you out after a certain period of time with no activity.

:cry:Actually there are a LOT of taxes not mentioned.I've been pretty active in the stock market for the past couple years.

The site doesn't have all that much activity, but there are tons of pros on there that know exactly what you need to know. http://www.construction-resource.com/forum/

Since my agents are also active investors, I have them help me map this on to a “rental map†of the area.

They know that we are actively working on the building and improving it (which is exactly what the city wants).

You should get you a list of absentee owners and In state owners in your area and go through and look at who is actively buying and send a postcard or just call and see if you can pick up some business.

Folks, please be very cautious of taking advice from a poster on BP with such a huge negative influence level and from somebody who has such a limited amount of contributing activity to the site over a long period of time.Add to that the due diligence that has uncovered the original posters inability to make wise investment decisions, you should be very cautious as to what advice you take from such a person.