You'll have to work out a flat fee arrangement that works for your broker and your marketplace.

Not nearly as catchty.Though if a workout isn't possible, foreclosing, rehabbing, renting it out and refinancing would be an obvious backup strategy.I have seen some posts on BP before about recapturing the initial investment by selling partials.

If so, how did the whole transaction work out for you?

You don't need to be a real estate professional to claim depreciation, only to claim passive losses beyond the threshold that applies to others.Even though I work out of my home, I don't claim a home office deduction, since it seems to be an audit trigger, and I don't want to expose myself to that much hassle.

I am really sick of lawmakers that have no regard for rights and leave it to the judges and lawyers to work out if it is really legal or right. 

Say I bought my property for 400k.I sell it for 500k which gives me a cap gain of 100k (after I minus the routine selling expenses such as broker's commission, title charges, escrow fees, recording fees, exchange fees, etc).Does my replacement property need to be equal or greater than 500k (sales price) or 100k (cap gain)?

That didn't work out.

Is there a way to work out with the tenant?

Try and get as much from them as you can and I'm sure things will work out for you!

Properties routinely stay on the market here for a year-plus.