The Operating Agreement for the LLC will spell out other agreements with members (you and your wife), and it sounds like 50/50 for capital, profits, and losses.

You can download the GA tenant guide free here as a .pdfhttp://www.dca.ga.gov/housing/HousingDevelopment/programs/LandlordTenantHandbook.aspThe way it generally works is you give them a 3 day notice to vacate and rent Is due.

As far as not being able to get below market value, well that's true, but as I expect appreciation to occur, in a year or three I will have made up for the net-loss up front, and over time hopfully the newer materials, mechanicals, and transparency of the house (e..g, no furniture to get in the way of inspections) will pay dividends in the bottom line.

I've read about Lifestyles Unlimited and the reviews have been that it is a good program while others said it was very expensive.

If anyone has tried this or has created such a program, I would be interested in hearing more.

Can you take any losses to reduce your stated income for taxes??

Start with something small, so even if you have issues, or have to take a loss, it's manageable.

I want to learn from a real person, not a system created for $97.Terry, the people selling programs say it is easy to get you to part with your $97 (or up to $50K!!

Here is my guess, they are going to charge you a high fee to join their coaching program.

Also, research your specific 401k policies to see what your options are regarding loans or withdrawals with penalties so you know exactly what access you actually have to that money if needed.As far as the other condo, is it possible to work out a short sale with the bank and get out of the monthly loss?