To my knowledge, it is better to have a buyer assume the mortgage, I just dont know how the rest of the terms would be.

Economics 101: Supply Decreases and Demand Stays the same: Prices Rise.

Estimated length of stay?

Try to stay cool.

I greatly appreciate your detailed info and knowledge!

Hello Patrick, there are a few things that need to be considered to turn this into active income such as length of average stay, hours you spend managing property and services you provide.

Hello Bigger Pockets Community,I'm Benjamin Carter, and I'm reaching out to tap into the wealth of knowledge and experience within this community regarding a property conundrum my family is facing.

But, it takes work, being well capitalized (this is NOT a 'no money down" territory) and it takes knowledge of the local market.

@Michelle SangalangDo you have to stay in CA?  

There are lots of benefits - buying, selling commission, access to the MLS, access to better data, access to contracts and addendums, access to your broker for knowledge, the list goes on and on.