However I can deduct the money I calculated for property management and any excess cash flow from the property.  

I keep any excess cash-flow and any time prior to the expiration of the lease in 5 years, I have the option to purchase the properties for whatever principle balance is remaining at that time.

Clients I rep that have holding portfolios in excess of 5 mil/25 units are routinely contacted by lenders who have "deals" on rates or who are looking to lend in specific areas.  

The buyer claimed to be entitled to damages in excess of $100,000, based on the difference in value of 1,000 square feet (the 3,750 advertised versus the 2,750 measured by the engineer), and sought punitive damages.

There is no reason to spend money unless you have the excess coming in.

So basically now the balance of the assets are between myself and 1 sibling, so the capitol gains tax is what I was trying to factor into knowing about what the tax cost might be and I'm satisfied it's not going to be excessive..cost for us to split.. 

I wouldn't put anything more since the match portion is free money but excess should be used for your next investment purchase if that is the plan you want to pursue.  

I don't know what type of breakdown  on your maintenance costs your given by your PM but they look very excessive.. especially if you haven't had many turns..

Too bad because what he has would be worth in excess of 30K.

I may be tempted to go on a buying spree with excess cash if this happened, but would be hesitant to leverage back up to do it as I don't believe in risking things I have and need in order to buy things that I don't have and don't need.