And doing a short sale will certainly hurt your credit.OTOH, continuing to hand onto this underwater property is going to hurt your pocketbook.

On the other hand, the majority of the risk is passed on to the buyer if you're wholesaling it.

What companies are folks using for hand addressed envelopes?

I'm asking because I believe Shawn is in town this week speaking at various REI events.Remember, most of Shawn's properties are in Ogden, UT, an area he lives in/near and knows the market like the back of his hand.

No one wants, gulp, heavy handed government regulations to address all the disgruntled future investors/constituents...

If it's not a structural issue, you need to decide if the cost to fix will be recouped on sale, or will buyers be okay with issue (assuming you hand them the engineering report that says there is nothing structurally wrong)?

On the other hand, if she stays and gets SSI, you get your 4k back plus rents going forward...

I was trying to get some options on how I could either hand this off to another investor ( i doubt if a SS would work because it will appraise at well above what is owed).

The CA owner paid $540k in 2006, put about $100k into the property (and it still had a lot of issues) before handing the keys back to the bank.

On the other hand, he didn't know who you were.