I have resorted to renting a small house for my family here in Los Gatos, CA for the schools.

We focus on coastal, lake, river, resort, country club areas where the demographics are conducive to support investment. 

The term “transient accommodation uses” includes but is not limited to hotels, motels, recreationalvehicle parks, tourist lodging facilities, resort condominiums, resort dwellings, vacation resorts, and dwelling units occupied or available foroccupancy on an interval ownership or “time share” basis, when any of the above are made available for occupancy more than three times in anyconsecutive 365‐day period and the right of occupancy is for a term less than monthly.The term “transient accommodation uses” does not include any of the following uses if such use otherwise complies with the applicablerequirements of the City and is licensed by the State of Florida, if such licensing is required by law: bed and breakfast homes, community residentialhomes, nursing homes, rehabilitation facilities for persons with drug, alcohol, or physical impairments, respite care facilities for persons withterminal illnesses and their families, short‐term/emergency housing or long term housing where allowed by this chapter, and child foster homes.The term “transient accommodation uses” does not include a guest house dwelling, when one or both of the sleeping rooms are located as apermitted accessory use within and incidental to the primary residential structure and the primary residential structure is owned by a naturalperson and occupied by the owner.

Now we have whiners still fighting for their freebie- fighting over the REPO'D HOMES, that are in reality still over-valued double what they are worth- when they don't get them, they resort to reporting each other ? 

I currently work full time with MGM resorts international where I have been for the last two years.I have a beautiful family that includes 4 daughters and one amazing wife that is considering going into real estate as well and life is pretty good. 

As a last resort I offered to match the owner's offer up to $2500 (stretching my budget).

Dan,Yes, renting is always an option but last resort in my case: As a Canadian  refinancing of  the property is limited - best case scenario I can get 65% LTV with pretty high rate. this means a lot of my money will be "buried" in the property. my understanding  rent I can get is around  $1100/1200 so not so great in terms of cash flow. add the fact I am far away which means  extra costs in property management and often repairs of such old house will be higher. so bottom line selling still seems the best option unless price I can get really sucks.

Short Term Rental:The town requires a permit to be granted since the zoning of the property is Resort.

I worked first for a global hotel and resort company as a regional manager, and later for a smaller chain of business extended-stay hotels (not Extended-Stay America) in site management.

Three years ago I purchased a fixer upper condo in a Colorado Ski Resort town.