I'd say Shane is right, with #1, stay put and accelerate your payments, and work on refinancing the property so that you can get out of it without a the pain of losing 40k or the huge hit it is going to be to your credit.If your condo is on Rio Del Mar, VBRO (AirBnB, Short term Rental) might definitely be the way to go.  

I prefer negotiating first for possession under the lease, while we may have discussed buying, taking possession is first, then we reach an option at a price.Much is the psychology of the sale too, the buyer wants in first.So, how do I explain this to a judge (investors need to think in those terms in every deal they do, before they do it!).

I'm hoping the deep discount to FMV will provide  buffer enough to attain that goal.I'll be re-reading all three of your posts several times and making checklists for future purchases.I'll keep everyone informed of progress.I hope we get out of this intact (financially and psychologically)  :-)Thanks again.

Sometimes it's a pain.many tenants can be a pain.

That being said I understand your pain when it comes to investing in the Vancouver , Portland ares. i helped a buddy run numbers on a duplex in Vancouver and they just didn't work.

I feel your pain.

The whole process was a pain but a good experience to have gone through being a landlord.  

The Ferguson, MO house I purchased was bought with cash, so I have no mortgage; therefore, vacancies won't be too painful.

We have fixed the problem she told me on Friday that she is very happy, but still being pain in the butt over not sure what.

Not only must we consider micro level metrics but the fluidity of the market conditions and the market participants as well with a dash of psychology insight.Good discussion.