@Dawn Anastasi I have tried Craigslist for trying to rent it out - but not to sell.In general many times I feel a little uneasy with Craigslist because of scammers, and potential crazy people (and I have run across both) that lurk around there.For now, I have decided to sit tight until after the holidays to get my head on straight and develop a solid plan for dealing with this property.

Lastly, make sure they are similar properties meaning: Don't use a comp that is in a nice sub-division if your subject property sits next to the freeway.

I would happily sit on one of those for $100/month cash for the long term equity build.

The values are all in the mid 1 millions-3,million but the listings that are up currently are sitting there for sale almost a year or more.

They also require that you have 6-12 months reserves in the place sits empty, a higher than average credit score, and 3 years of services in the same line of work.

So we had a sit down my wife and them over dinner and I put him on probation.

Technology has made it so convenient as if they are sitting right in front of you at any time.Feel free to ask if you have ANY questions or are unsure of anything.

I live in Venice Beach so I feel your pain.As far as wondering how the current owners are doing it out here, I believe the majority of owners most likely fall into two categories: 1. owners who bought a long time ago or the properties have been in their families for decades (Venice is huge for this, most owners bought in the 70s when the prices were awesome because Venice was scary to live in but now they are sitting on gold mines and not selling them) or 2. owners who are likely losing money on their properties but in their minds appreciation potential and/or the enjoyment factor of owning in LA prevent them from selling.

If I'm going to lose money, I'll just sit at home and watch tv and not lose anything.

He's sitting somewhat pretty now.