I think everyone should be aware that there is an 8,000.00 tax credit on the table for "first time homebuyers" I'm pretty sure the clock resets every three years, so if you've been out of a mortgage for three years you will qualify. If you have multiple properties and children or friends you trust you could also sell these properties to them if you can wait three years to have the deed transferred back. On an investment property, being given 8 grand (a tax credit is the same as a check) is not small potatoes.

-sudo