Otherwise, without a strategy or plan, you will be wasting your time and money.   

We are spending our time and moving money towards country subdivision lots, 1mm population metro storage development, flex buildings and expanding teak plantations in Belize.  

First someone new will be living with you and that requires adjustments.Second it's not just someone, but rather it's your in-laws which can bring stress to any marriage good and bad.Third your introducing a money factor into a highly personal relationships. 

In my case it saves me a lot of money.

out of state investing in a distressed property is possible but very difficult and extremely risky. fastest way of losing money project.

Obviously you don't want to kick step-father out just because he needs to stay in a rehab facility for a month or two after a hip replacement; but at the same time, this guy was never going to be able to live on his own again (and he had let the property deteriorate to a state that made it uninhabitable) and it took a lot of unneccesary time and money to work towards resolution.

That was some of the best money I have ever spent and I would like to duplicate the process in these areas!

Your attorney will have a better idea as to what is cutomary in your area, generally acceptable for private money.

You can keep trying to market it by yourself, or if you are willing to pay someone to manage the property full-time or even have a property management company get you some tenants and you take it over from there, it just depends on your time and money and what you value you more. 

@Jamie Parker The answer to your question is money.