Income Property

[Sheila C.]

We have an income property in another state. We have had it for almost 10 years. It is an interest only 10 year arm. It will reset in February and become a 20 year arm (principle and interest). There is no equity in the property. The tenants pay well, however, we know we need to get rid of it but we don't know what to do after all of this time. The clock is running out. 

Please tell us how we can creatively handle this situation. We are open to any and all advice

[Jon Klaus]

Do you think your tenant might have interest and the capacity to buy it?