Financially, but also mentally. 

If they have a assets or a stable job with good pay, I would definitely go the lawsuit route and I would do this BEFORE they leave the property and you know where they are.

Hey Diandre,Are you looking to bundle them together and do a cash-out portfolio refinance, or are you wanting to keep them as single assets and refinance them that way?

if you had a particular asset of real estate you were interested in I'm sure you'd be able to find a broker in need of help in one of those. 

I would agree if we were talking about financial statements, but as I understand it, we are talking about tax basis reports.For tax purposes, one can use a modified cash basis when filing.

@Ryan Daniel  I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection in relation to real estate investments.

Given your financial constraints and the property's ineligibility for historic tax credits, this approach allows for reinvestment into assets more aligned with retirement account rules.For future real estate investments, you don't need an LLC for tax reasons.

They will do magic for your financial situation.  

Think of this as asset lending. 

That being said, I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection as it relates to real estate.