If you want to get out of the rental business...then you have your answer :)Sell now while the market is still hot, lick your wounds, take your cash and start over with something else!

Then, the LLC is wound up and you split the remaining cash 50/50 (or whatever.)Jon

Basically, for me, I see the logically fallacy in spreading out between my 1 & 3, but if all financial decisions were truly logic only, id be a very rich bachelor instead of a husband and father.George if you really wanted to get wound up on the psychology of money vs the logic of money, I could have a separate conversation explaining why I'm attacking my student loans from a snowball and avalanche philosophy simultaneously!

Except for the 1 that we wound up renting to. 

No you didn't" etc) The property wound up falling out of contract, unrelated to funding (inspection issues) so I didn't need the PL money. 

To the extent you screen and get referrals for PMs, there's nothing like experience with them to figure out whether they're a match.As a holder, I wouldn't be as concerned with your buy/rehab price a little time will heal these wounds quickly.  

The M3 is garaged and barely driven these days.After seeing the Cybertruck reveal...not only did I place a $100 deposit on it, I started talking to my cousins who had Teslas as well.The next day, I wound up buying a “used” Model 3 (used in quotes cause it only has 690 miles total) directly from Tesla.Craziest part is I’m actually en route to go pick it up as I type this post.

There's obviously a lot of smaller tasks that needed to be handled (maintenance coordination, leasing coordination, administrative work), so for those jobs we outsourced to VAs.After trying out a few different companies with the same lackluster results, our CEO wound up starting his own VA company that focuses on finding quality VAs, developing streamlined processes and systems, and properly training the VAs. 4 years later and we've since 20X'd our portfolio and greatly improved our bottom line, now owning and managing 400+ units.

Many of the desperate sellers who believed the wholesalers wound up in foreclosure, and rightly or wrongly found the wholesalers easy to blame, found the Realtor Association eager to get rid of the wholesalers, and so the Realtors Associations began complaining to the State Real Estate Commissions.

This may impact both your basis and whether or not the estate should have recognized a gain--which may be pushed out to you anyway if you received the condo in the same year the estate wound up.Based on what you wrote, it seems most likely that your basis will be the value of the condo on the date your relative passed away.