Redter72,
Without knowing a little more about your place, specifically your mortgage, and the address (in order to determine current rent you might be able to bring in) it is hard to say what makes the most sense. In a nutshell, if the monthly rent would cover your mortgage with a little wiggle room, it might make sense to rent it. If you rent it, you are probably going to have to hold it for a few more years to wait for prices to come back. If you you are not atleast breaking even b/w rent/mortgage, go with the HAP program. I'll be glad to talk with you in more detail about your situation if you would like.

Regards,
Matt Carroll
Rocknhomes of Vanguard Realty
904-534-7814
matt@rocknhomes.com http://www.rocknhomes.com