What to do when a property can't sell or rent? Stuck forever?

[Sam P.]

I have a crazy question that I wasn't able to find an answer for. What are the options if you have a rental property that is paid in full, but no longer cash flows and no one wants to buy it. For example, lets say you purchased a property in a rural area and the only job provider left the town. You no longer can get tenants nor would anyone want to buy from you. However, you no longer want to own the property, incur property taxes, maintain utilities, etc... What do you do?

[Matt K.]

donate it