Best of luck,Travis Hey Kevin,Since I definitely want to look out for your best interest, I repeat that investing out of state is the best option when you currently live in the very landlord Unfriendly state of CA.In addition, I never wanted a quad to live in as I just never liked the idea of living next to - above or below others.  

Lol Have you done many lease options as a buyer over many year term? 

Since we just got the certificate of of occupancy literally two weeks ago,  we are looking all options to maximize return on investment. 

The first option is to keep the condo, which offers a low interest rate and predictable cash flow.

The owner has taken it off market and I'm just trying to explore my options of selling it off market for a deeply discounted price.  

Quote from @Drew Sygit: We give our tenants as many options as possible - EXCEPT picking up their rent.Exactly.

All of the things you suggest are options to the beneficiaries. 

You'll have all amortization options, but the most common will be 30 year fixed and that's generally the recommended one. 

Seems like my options are:1.

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.