Be careful. 

Part of our california broker rules is that we are not allowed to discuss pricing, but I can give my recommendation to have a very detailed mgmt agreement in place with your owners  who takes care of Insurance payments, claims, repairs, tenant issues, HOA violations,  When do you pay the owners> Do you keep a reserve from them to pay for repairs?

Clean it up, rent it at market rate, and pat yourself for making a "business" decision instead of an emotional one.

We are researching this item.3.He stated that he was prepared to take whatever legal impacts this might cause him in order to take care of his family.I politely ended the conversation with a few statements about how I was going to have a weed company come out and spray the lawn, and left.I thoroughly reviewed the lease again.

Also, security deposits should be handled very carefully (not co-mingled with personal accounts)-so this could be a reason why they want to hold on to it?  

But whoever rents it out isn't going to take care of the house the way you would.

This saves all of you a lot of time and trouble.Your idea of an open house is a good one depending on the market.

They are meeting the toughest screening possible - they pay rent on time and take care of the place.   4.

We saw about 10 houses and he still had not decided, as a matter of fact, he was looking at houses worth $320k but was willing to offer $270k, and these houses didn't even need ANY tender loving care at all!

One nice gimme back at the end of each year is that you can legally gift $15000 a year to whomever you wish.So even if you really didn't want to collect rent there is a way to do it so you act legally and take care of her.