I empathize with being between a rock and a hard place, I was there.

The Lonnie Dealer system in most successful in one, two, and three star communities.

@Matthew Drouin you rock thanks Matt!

@Gary AbnerIf the property was not in service being rented for the whole year, and you can show receipts to prove that you did work to it, then you can disregard the tax return and just use 75% of the current lease to offset the PITI payment.Any lender who tells you otherwise, run.If you need a referral to a rockstar that can help you in your state, shoot me a PM. 

On 5-6 O'clock which is the bottom of the slump you can also pick up some good bargains at near rock bottom prices from distress sellers.We are do for another global financial crises and according to international "Experts" it should be in the next 1-3 years. probably starting in Europe or the US, unless a wore start or something like that.Is that satisfactory answer for you @Timothy H.

It is my hometown, Little Rock, AR.  

OR...You sell, pay the taxes, thank your lucky stars that you got out of a house that could've put you in the hole like most americans.

Send me over your written offer along with a 10% escrow deposit and a rock-solid proof of funds (from a local banker I can call to verify) showing you have the other $810k in liquid cash"Wholesaler: [Stunned Silence]I write this not to poke fun at @Lena Claybon or anyone else.

this is a very frequent game played by section 8 tenants.. and your stuck in a rock and hard spot.... their copay is 65 dollars.. their hud pay is 700 dollars.. you get them booted out because they don't pay their co pay.. and it takes one or two months to rent again plus the money you have to put in to it to have it reinspected... so now our down 1400 dollars not including in many areas that are dominated by hud tenants thefts are common place along with kids breaking in and vandalizing....

Note how the stars NEVER end up doing well:) but that doesn't stop others from playing the same old games!