We do a lot of work with a property management company so this has also peaked my interest in the field.

The fact is no one can predict the peaks and valleys of real estate booms and busts.  

That will peak interest and get some showings.Of course at this pricepoint most buyers have agents. 

Bye....  

First, watch an episode or 2 of vacation house for free on HGTV.They take all your holding cost; mortgage, insurance, utilities, PM, etc.Determine the peak rental weeks and calculate how much they need to rent each week of the prime rental season to break even.You can bump this number up or rent for other events to do better than break even.For instance my Lake house is near Clemson University so I get top dollar for football game weekends and graduation.I also get renters in the winter.If you added a hot tub and have a fire place you may extend your peak season.Also check other properties in your area on homeaway or VRBO to see what the going rates are for a similar property to see if the numbers make sense.John

There are still rare deals to be found in LA/SoCal, but all indications are saying that the market has reach a peak again.

We did our best to save and budget.We sold our last house at the peak and bought our current house in 2009.

AND it looks like your purchased at the previous peak in 2007. 

"Existing home sales have peaked."

., I'm in the midst of a 1031 and since the market is so hot I strongly suggest you find your replacement property first before closing on sale of current property as the 45 day ID period will fly bye.