Management decisions.

Yes the son is the executor of the estate, the family is aware of the decision.

What would you give consideration to before making your decision.

I wouldn't have made the decision to take control of my income without him. 

Also, remember to eliminate emotion from the decision. 

If you don't mind me asking, I am curious to know how you evaluate properties to make the decision of what is to keep as an investor vs sell?" 

@Michael Ealy totally agree especially with the first point in California with prop 13, there a lot of agents who don't understand the implication of the sale when they are listing (or they don't care).Also there are many times that rents are under market and can be raised, or utilities can be submetered easily.However to caution the newbies while you might not want to base your decision on actual expenses you certainly don't want to use the seller's pro forma numbers, as those will paint the rosiest of pictures, use your own numbers to evaluate always.

First I want to congratulate you on your decision to become licensed and I hope you are crushing the courses and will have no issues passing your exam!

We analyzed the market as agents since we lived in the property and recognized that selling it as a flip was the right decision for us.

This has upsides as you can get cheaper capital from banks, however it complicates the decision making process as both (or all) parties have to agree on many things through out the process of buying as well as operating the property.I would be happy to speak with you more if you would like some additional general information.