Hey there - new to the site so excuse bad form until I learn. I have a situation at hand I need some help with. I own an investment property that is extremely upside down. I have never missed a payment and I have very good credit. My question is this: Although I have a renter in the property, it is not paying for itself by any stretch. It is roughly 200K upside down overall with payments going up next year on a five year arm. I've explored short sale but I will have a problem proving hardship I fear. I was told to go deed in lieu. I'm reading lots but want to hear from someone who has done it, what the credit hit really was and what I can expect.