We're coming up on the one-year anniversary of our move from Chicago's Bucktown neighborhood to the Chicago suburbs. Like many other families in our situation, we became landlords when we moved.... and not by choice, but by necessity. I don't think our situation was particularly unique - we'd been in the city for a long time, had a school-age kid, and wanted to move away from all that excitement. But we'd purchased in 2005 near the top of the market, were underwater (or close to it), and weren't willing to take a loss when selling our place. In many cases, taking a loss is not an option -- frankly, bringing a big check to the sale means you won't have a down payment on the home you're purchasing .