I have heard tons of different opinions from realtor to our CPA on a rental property we own (used to be owner occupied but due to layoff we had to move out of state). I am wondering because I've been told by a trusted the source that a Foreclosure is actually better for us all around and not that much different when/if down the road we go to apply for a mortgage vs. a short sale. It's always the realtors who seem to push a short sale. A friend told me that on a short sale you can actually be taxed on realtor's commission also. So if and when we do apply, are they about the same? In other words --they both suck!!!