UPB unpaid principal balance.Yeah I think you'd need to be more in the 50K range to make it attractive just because you'd need to assume it will default and you'll have to take the property back.So to build the info that more knowledgeable folks are sure to ask at some point.What is the interest rate and payment amount per month.Like I said I think the goal here would have to be to restructure the terms so that the balance is actually closer to what the house is worth so you mitigate the risk of them walking away.

Justin Fong, there are numerous groups in the area, there is a very large investor base.

They are very attractive and the price is right.

Is the neighborhood attractive?

Always act and if you take massive action, you will attract the right people who can buy your deal or lend you money.

I want to attract and keep tenants like you.

You haven't filled out your profile yet so I can't tell what attracted you to this site but if you own rental properties or plan to own rental properties in the near future you know (or will learn) that insurance is a large expense.

Credit Unions often have more attractive rates and somewhat  more flexible rules for their Helocs.

But the person who asks other people to show them the exact path towards real estate riches usually doesn't attract the best possible mentor.  

From a purely numbers standpoint, selling the condo may be the best option, but since we are talking commissions, should also mention if you sell you will likely pay 5% to the realtors (15K) plus may need to offer another 5K or so closing cost assistance to a potential buyer.If your condo is in a good location that will attract good tenants renting can be an option.