The area bordered by Hillsborough Ave, I-275, and the river are about to accelerate as well....

Incentives don't matter to slobs, and either does security deposits.. they figure who gives a Ya hoo...So we all know we can't fix a apartment for 1 months rent,, but we gamble on the good ones that will leave a clean and tidy unit when they leave..and loose out on the slobs.. 

Palo Alto and San Francisco are only about 40 miles apart, while the 3 hour commute being discussed here from Georgia to Florida is probably 150-200 miles away, as Montgomery Alabama is probably close to 150 miles to the Florida border.

Thanks for the reply Eric.I have a RBC cross-border accountant and I have a regular BMO account.

My name is Jason Gottschalk, and I live in Takoma Park, right on the border of DC.

That will be a big part of choosing the next steps.Some lenders will do a short-sale without missed payments, but usually with a hardship (illness, job / income loss, etc.).If there's some balance between appreciation and the current short fall in the LTV, you might consider subject-to or just make up the short fall at closing and avoid the short sale gambling on appreciation to make you whole (not recommended).Dunno ... too many unknowns ...

Harris is on the border of Jefferson park, so it does put you at the front lines of East Point's crime, much of which emanates from the high school across the street from the property you are looking at.  

Should you buy with a negative cash flow in markets like California or Las Vegas and gamble on appreciation (in the early stages of a declining market)?

Do you attend any close to the Mass-CT border?

@Jason Bajaj  In addition to Dave's comments above, your Canadian partners should obtain tax advice from a Canadian accountant or attorney specializing in cross-border business as their is no equivalent Like-kind deferral under Canadian tax law,  CRA is going to see capital gains as being due on the disposition.