I am not swayed by her "benevolence" by taxing us more.I'll end my participation with this:"You get the leaders you deserve".  

Well deserved.

Good idea on the Trust as that will avoid probate (required even if there is a will) and your father can control who gets what via the Trust.Your challenge is what happens if you do all the work to turn the portfolio around and then your father sells it, gives you less than you think you deserve or leaves it to someone else?

Then figure out how much of a discount you deserve for buying 12 at a time, 10-20%?  

Those are questions you need to answer.Also, just because they finally were raised to market rent (or close to it) does not mean that they deserve a 'present'.

I know people that had to defend fair housing complaints and it was not an easy go...deserved or not.

Luxury real estate deserves you full attention.

We bought her condo so that they could get that fresh start they deserved. 2.

What are they doing each month that they deserve 10% of my return when I take all the risk?

We are just not sure if it is deserved to keep and rent it out.