This allowed our partner, Kody, to focus on project execution without financial hurdles.

Prioritize due diligence, including a thorough property inspection, financial analysis, and legal review.

Prioritize your financial stability.

Yes, accepting this family seems reasonable if their financial stability checks out.

I recommend finding a tax strategist who specializes in real estate taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Given these numbers and solely financially speaking, should I sell or hold the property?

Financially speaking the issue is that deferred capex will exceed cash flow over time. 

Generational wealth starts with me and I'm on a journey to build a better financial future for my children. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

If you have the money and a financial foundation to do that then that seems ideal.