So that's probably going to cost around $220 a month.Investment Payment $760Investment Homeowners Insurance $100Investment Taxes $100 (you will probably not get assessed your first year and just pay on the lot)Primary Residence Increase $220Total Cost would be around $1,180 and you would have to pay a property manager around $100 a month.Looks like you could almost break even on it with the right mortgage and taking the cash out of your primary residence.Things will rebound eventually, so if you can slow the bleeding down to a few hundred a month you can hopefully stick it out.If you have been doing pre-construction since 2005 I am hoping you made some money somewhere to ease the pain.I did this on a few properties in Lakeland, Florida.

States with non-judicial foreclosure processes have had remarkable success in clearing out the inventory of distressed properties, which is one of the factors driving the housing rebound in states like California and Arizona."

I chose to rent my home and wait for prices to rebound.

My primary goal is maximum cash flow in an area that will rebound once the economy comes back if ever.

The chances of interest rates dropping further from a 50 year low is not probable so this is the time to take on cheap debt while many cycles are just rebounding to hold for the long term.

However; when the market crashed, we relocated to southern California where the market rebounds faster.

Is Orlando rebounding at all?

The RE market is not rebounding (if so, what are the extant catalysts and drivers supporting this naive hope?)

I think the problem is you are seeing Multifamily rebounding in most markets and the buyers have blinders on.I always enjoy talking to other brokers.One in particular I talk to every once in awhile.He is in Georgia and has been a broker since 1960 (14 years before I was born!!).

It gave this as a reason, "The housing market’s rebound has been restrained by the so-called shadow inventory of homes with mortgages at least 90 days delinquent, in foreclosure or already owned by banks, while foreclosures had been stalled since late 2010, when state attorneys general and federal regulators began investigating abuses by banks, including lost or doctored paperwork.