New construction decreases this cost dramatically. 

She will get each beneficiary to sign off on allowing this to happen, lessening their inheritance cash-wise but keeping the family in a home.My idea is that the trustee daughter could purchase the home, but could do so instead through a sort of owner-financing where the Trust finances the asset to her directly rather than buying it in full at great cost and taking out a mortgage on an already paid for property:- Property is in Trust and is fully paid off,- Trust finances the property to Trustee for closer to market value, and payment can still be set at 1500- No/less down payment required- Any interest rate, maybe 0- Tenant family makes rent payment of 1500, which pays off the property and pays into Trust- Beneficiaries' % share accrues gradually as payments are made- Set future balloon payment if necessary (if Balance required at a certain time, for college, etc.)This would decrease the out-of-pocket cost for the Trustee purchaser, and increase the amount that each beneficiary will receive (eventually).I have no Trust experience, though, and I'm hoping to hear from the experts.

Limited partner's test: (Only three test -Under temporary regulations, individuals who are limited partners and meet the more-than-500-hour test, the five-of-10-years test, or the three-year lookback test are treated as materially participating in any activity of the limited partnership for purposes of applying the passive activity rules)De Minimis RuleIf a qualifying real estate professional aggregates activities into a single rental real estate activity and the taxpayer’s share of gross rental income from all of the taxpayer’s limited partnership interests in rental real estate is less than 10% of the taxpayer’s share of gross rental income from all of the taxpayer’s interests in rental real estate for the tax year, a de minimis exception applies—the taxpayer can determine material participation under any of the tests in Reg. § 1.469-5T(a)  that apply to the rental real estate activities.

Supposedly that Mediterranean diet will help your brain health too.Only 20% of the US population smokes and that decreases as income goes up so I you probably won't see alot of smoking investors.

Its a temporary situation and I am sure you have heard the phrase "Marry the home, Date the Rate!"

Life insurance policies - looks like it's best to start with several and cancel some of them as your debt decreases and you have long term loan positions with good cashflow.  

Whether to jump in now depends not only on interest rates but several factors including where you are financially, do you think values will increase or decrease over the next 2-5 years and will the investment provide you with a better return than investing the $ somewhere else.?

You could also consider unsecured term loan options and zero percent credit cards depending on your credit profile and income.Temporary Fixes: If a full repair isn't feasible right now, you might consider temporary solutions.

Ft Myers has been stable and steadily increasing rents.Cape Coral was decreasing rents for several months but stabilized.

Put the profit from the home into a low risk investment or use it to decrease the amount of the mortgage on your next home.