Guy Ghanem's Q&A

90 a month for Royal Highlands and 55 a month for Southern Highlands master plan fee.

Linda is right, you definitely need to consult a CPA or the IRS.All sellers are going to get a 1099C. It's almost standard issue from what I've seen, but if the property in question is the primary residence, then the mtg. debt relief  act will come into play.From what I've read:Deficiency tax forgiven up to $2 million per loan.$1 million per married person filing separately.Sellers will pay 2nd. mtg. deficiency tax if applicable.

I personally don't see a downside, all you're doing is giving your home exposure. If you aren't planning to FSBO though, I would recommend meeting and working with a realtor as soon as you can so that you don't end up getting interest on the property and having to scramble to find an agent.With that being said, it has never been more true with so much inventory on the market that to FSBO is like finding a needle in a hay stack.Good luck.

My advice is to contact your CPA. He will be the one to give you the most accurate information.From looking at irs.gov, it seems you cannot deduct a loss on your main residence:http://www.irs.gov/businesses/small/industries/article/0,,id=98921,00.htmlYou can also find more useful information here:http://www.irs.gov/publications/p523/index.htmlHope this helps.

bestplaces.net is a good resource to get an overview on neighborhoods you are interested in. Just type in a city, town or zip code. Best of luck.