If you can gift that to your daughter she should be able to have a low enough monthly payment to afford a home, especially if she buys a duplex and rents out the other half. 

Mostly is like dad or mom bought the property, " selling " gifting it to children because they won't qualify. it also happens between couples or married couples dealing a divorce. 

Why doesnt the MIL gift us her 50% now?

Of course the best perks came with the amount of gifts we raised for the kids and few homes the humane society places some dogs in (they set up a booth at the event). 

Has anyone used a system with students, like they get a discount or gift card if they collect rent or get other students to sign leases? 

Inspect the property on a regular basis, be good to your tenants, fix things when they break, give them a nice basket and gift card at the holidays.One thing I do like about LLCs is they can make some transfers easier. 

You must be a gifted mind reader because it sounds as though you know of the journey I've been on down to the weekend seminars.

If it was a gift he’d inherit her cost basis and owe capital gains tax upon sale that would have disappeared at her passing.

Assuming this was a Gift, not an inheritance, Your cost basis is whatever the cost basis was of the person who have it you.

Send her a breakup gift.