I'm not sure I understand the question. If you do not owe a lot, that means there is equity in the property. If there is equity in the property, you should be able to refinance. If you can't refinance, because you don't qualify for a loan based on income and credit, then yes, you would be able to sell your property. If it is a normal sale, as opposed to a short sale, you could simply sell the property to an investor. Just disclose that the property is being sold with a tenant paying however much rent per month.
Please call us directly to discuss your specific situation. Our services are FREE to homeowners. We look forward to hearing from you.
Eli Givoni, Director
Short Sale Department, LLC
Serving all 50 states
Have you contacted bank for a short sale approval?
Then you are at risk what the investor would charge you for rental amount, based on mortgage, tax, HOA, insurance and etc. in order clear a profit.
You would also have complete an application for credit approval with deposit(s) paid to investor AND your rent could increase on annually .
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
If these avenues do not provide the solutions you seek, then investors may be available to assist, but be prepared for zero-sum terms: much lower than market value selling price and rental rates above market with annual bumps.
Work with a good local Realtor who can list to sell it, with the condition that they rent it back to you.
It's very doable.
Go to http://www.realtor.com and find out what condos are selling for and what the rents are.