In this case he will keep renting but will hopefully start making some cash flow on the sideMy personal thought process is that the Irvine market has gone up quite a bit and going with #1 is analogous to buying one stock with all your money at it's peak and hope it will go up more.

The family members were all married and did not want the spouses of each partner to take over if one of the partners died.Our client owned several farms outside of the Chicagoland area which when purchased in 2005, at the peak of the market, having values in excess of 5,000,000.

Try contacting Madison or PEAK and see if they can take it on w/o pay history. 

If the house was vacant I would probably peak in a window to see if it was gutted.

Short term vacation rentals seem to do better since they have peak seasons, but that comes with low volume in the fall.

I don't think we've hit the peak of our appreciation and rent increase trends quite yet. 

Are you projecting continued significant appreciation, even thought we're peaking at a pretty monster 6 year run up in LA?

(Apologies to @Frank B. Yes

I'll show my PFS just to take a peak and find out.   

Here are some of the things I've done:1) Marketed to the property through postlets, FB, Ocontract, Craigslist and even created a YouTube video for it.2) Connected local investors to peak their interest...