Enough” - “Your success as an investor will be determined by how you respond to punctuated moments of terror, not the years spend on cruise control”The Noticer: - “One way to define wisdom, is the ability to see into the future the consequences of your choices in the present.

Extending lease might be best bet.    

So Real estate is the best bet? 

My bet on the next twist is the death turning out not to be natural causes.

I'm curious if you decided what you're going to do and if you and your friends have made any choices if you're going to invest together?

Think about it: a first time home buyer given the choice to buy the same home for let's say half price responds with a hard no, happy to pay double - what does that tell you?

While BP has a rent estimator as does rentometer.com (both allow a few free uses, I believe), I agree with @Zachary Deal that your best bet is to seek out guidance from either the listing agent or a property manager well-versed with the area. 

Don't bet on passive appreciation, just forced appreciation.

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In fact, I've got some bets in the markets that hinge on this happening.