I think the SMS automatons alone for GHL are worth the price of admission.

If your tenant has a credit score worth maintaining they will not want an uncollected judgment to be on it.  

The mortgage is $1400 and the house is worth $250k.I did tell him if it is okay for him,I could take up the mortgage and he says he would get back to me as he also as a brother and uncles to talk with.The house is close to my work place as well.Please, does anyone has a thought on this?

I understand the hesitancy to lease to students but vacancy is so low, that if you can handle a few headaches, it's worth it. 

I haven’t had it appraised so just going off Zillow the property is worth about $250K, so we have about $163K worth of equity in it.

The interface is user-friendly, and the reporting tools are especially helpful for tracking property performance.One downside is that it can be a bit pricey for smaller portfolios, but the features have been worth it for me.

Renovate and Sell: Given that the house could be worth $500k or more with updates, they could do a renovation first, potentially adding $150k+ in value.

For what it's worth, we offered our homes at a discounted rate for a former guest who was looking for a place to stay. 

Depending on your risk tolerance and investment goals, exploring short-term Treasury Bonds, high-yield savings accounts, or diversified alternative assets like private lending or REITs could also be worth considering.

This is after all construction in Los Angeles, if you've never done it before add 50k.If you have $500,000 in cash I suggest you use it elsewhere, this years long headache is likely not worth the 1000's of man hours you will also have to put into it running your very own team of scientists.