Quote from @Steve K.: Let's not get down on Blind Faith.

@Nasi K., check with the county tax assessor's office.We did something similar in Alabama last year breaking off a couple of acres from a generational family property. 

We have a house that holds 9 and 1 that holds 7, so when there both full they gross over 11 k a month. 

That is to say if the tax credit is $40 k across 10 years does that mean the value of the property increases by $40k?

Suited homes are about $450+K looking at some PM companies, you'd get about $2K in rent for the main floor and $1.2K for the basement.I also have places in BC.

My gut tells me to ask them if you can short sell it.If you have other assets, because its a HML expect them to come after you for the delta - so foreclosure you will have a greater deficiency judgment.

Couple houses same square feet were sold around 925 to 950 K range without a pool.

Then you have to think about 401(k) and IRA savings, which longer-term once your balance is built up, you can use a self-directed approach whereby you can use the funds tax-free to invest in rentals, private loans, etc... 

I don't want to fork over 50 K into a tree that will rot in a relatively short period of time.  

Because they have to make their distributions, they have to do the tax documents (k-1) and other costs for the cap table etc.