I agree with the comments above that most of the suggestions are basically you trading your hours for dollars. 

@Aditya Maini I agree with @Chace Fraser. 

Obviously, LA is one of the most expensive markets in the country.

I suspect that we will all be waiting a lifetime to see rates back to were they were 2 to 4 years ago.. so I would not bank on that.. as for pricing.. if its a place to live then you certainly can just wait and see.. its not like your homeless or need to move other than you don't care for your neighbors.. markets always slow about now.. what will be telling in my mind is were we are at next Feb March April in the buying season as it were.I was in a conference this week here in Vegas and some of the speculation is that many of the commercial type loans that had 5 , 7 and 10 year calls  are going to stress those that had max leverage.. as the rates rise the cap rates rise to keep pace thereby devaluing the properties.. to the point some of these investors are going to need to bring some to significant amount of fresh capital to pay down their debt to get a refi.. and that will stress those assets and there could be a real buying opp in that sector.. at least that's what I gleaned from the talk I listened to yesterday... hope you find that dream home in the country !!!

I don't know Muskegon but I've found several great mangers across the country using NARPM.org. 

@Kashif Riaz, get a credit card from any bank in the country. 

You maybe able to get the bank to agree to a short sale instead.

It sounds like you could come into some nice appreciation on this deal (but never bank on that).I agree @Dennis M. 

Here's an interesting one: who is responsible -->My client sold a 4plex - in the negotiations they agreed to cover costs for a Home Warranty for the new buyer. 60 or so days later - the property closes at a title company.

They all have to agree.