If you can't find a suitable replacement property4 If you are determined to leave real estate investing.5.

if vacant, assume it will take 2 - 3 months to get a suitable tenant2. 

Areas where the ARV is just $40k, aren't (generally) suitable for flips.2.

@Joseph Odhiambo, You might consider using an investment advisor to evaluate which offerings are suitable and promising.

If at the end of the 30 days you have decided not to buy the property yourself or find an end buyer that you will either walk away from the deal and the seller will owe you nothing or you will continue on until a suitable buyer is found. 

Can always but "contingent on seller finding yada yada" until you find a suitable multi - Definitely go multi unit- Pick a good area like north park or beach areas- Rent out all units but keep one unit for Airbnb rental- Bit more hassle but in the buy and hold SD market ever bit helps.

Hi Alex, it's a fairly common thing for sellers to rent their place until their house is completed (in case of new construction) or find a suitable house.

I don't need the $250 net every month for anything in particular, and I have a suitable capital reserve for the property.

And, to the ultimate question, what type of investment would be most suitable for my current situation?

To me it is more suitable for short-term financing4.