I rehabbed and rented out the house but still maintain control of the large garage for my own use.

The roof color isn't optimal, but I think a medium warm-gray-taupe will work fine with it and the brick, on the shingles.Then use a deep red-burgundy for the entry door, and have a shutter made to match the existing original ones (very simple, won't be expensive)... don't buy a cheap replacement plastic pair with louvers.A bit of landscaping will go a long way.

And of course, if you have no issue with posting the financials here for all to see, I'll simply respond back to this post instead.I love the fact that you're avoiding renting to maintain your current net-worth.

Many tenants just need an education on how to maintain various building components.

This is an REO property and a field service company is maintaining and checking on the property.

On top of that, if you do get a loan, all the terms are better (helping you maintain that conservative margin), and you can do some short term financing like a 10 or 15 year note... this way a ton of principal gets paid down every month. 

My initial thoughts were towards optimizing cash-flow but it seems that in LA-OC area, flipping might be a better deal!

I will also avoid lists until it becomes viable to be able to maintain a consistent flow of marketing. 

@Blair Russell I agree with you about booking as much as possible don't get me wrong, but I'm a believer in optimizing pricing and think it's okay to strategize on the near-term basis without overcomplicating it. 

The reality of the situation is the cash for keys will incentivize the tenant to 1) maintain the condition of the property and 2) will get them out of the property quicker potentially than an eviction will.