For Little Havana, there was nominal property appreciation, great cash flow, and a very low vacancy rate.

Consult a professional, but the step up in basis may even wipe out the accumulated depreciation which you need to pay tax to the IRS as depreciation unrecaptured nominally at 25% (there is no free lunch with the IRS). 

I personally would sell if you want to as this would be a nominal amount of money.

EKM and http://www.wattvision.com/ both provide an easier way to bill with EKM, but I've never used either EKM's free or Wattvision's nominal cost billing functions. 

My litmus test is that I must believe the investment will out perform a 7% real return or 10% nominal return.

You should have put a nominal amount up for the option. $100 usually suffices.

Nominal appreciation, but plenty of mortgage pay-down.

Rehab challenges include dimensional wood vs nominal sizes. ie, a 2x4 on an old house is actually 2" x 4" and newer homes it's 1.5" x 3.5".

We have a portfolio of over 1,000 rentals in a wide range of neighborhoods in Cleveland.Tenants got into a fight over a nominal sum of money.

They were there for the layout and shown the basic theory of nominal dimensions and how it affects layout .