[quote=Ren]Maybe you did buy at a high price – so let someone else pay it, at least until the next cycle peak. The very last thing I would do is walk away from this now.[/quote]
Ren, I forgot to add last night that Paramount only put 10% down so he is most likely paying at least $180 mo. PMI premium in his “PITI.” Not sure if this is also tax deductible also after putting the property into rental service.
It may be a very l-o-o-o-ong time before he is able to get rid of the PMI.
