Alternatively you can start the eviction process.

Alternatively I could buy 1 house that requires less rehab.

The lack of financing alternatives for me.

My alternative would be a conventional loan with 20% down where my budget would be about 200k or 40k down. 

What alternative funding options did you explore?

In some instances there are alternatives to foreclosure.

The rules are the same regardless of whether your heirs inherit a conventional IRA with stocks and mutual funds or a self-directed 401k with properties, trust deeds, and any other alternative assets in it.Consult with your CPA about tax implications for an inherited IRA.  

Alternatively, there are a few sites out there that can give you an estimate - but what I've found is that these have been highly unreliable (even Propstream). 

I can also see the alternative where a new investor would quickly understand the property and earmark costs before getting an on-the-ground GC to walk it. 

Look into RUBS as an alternate to submetering, which can get expensive.