We are in Houston, TX.Now my husband and I have difference when it comes to loan term: if 15 years loan, we are about to break even but much more asset accumulation with less interest.

I open cards so I accumulate points and miles for an around the world trip.

If you won't accumulate any more properties or you aren't sure, you're probably fine keeping the property in your own name directly.  

Sounds like you are in accumulation and scaling phase so why sell?

I understand these losses will accumulate and release on sale of property to offset capital gains.

And when she died, the kids went through the house, took two to three months to clear out her clothes, jewelry, belongings accumulated over decades, including photo albums when they were kids. 

I was able to pay off some of the debt I accumulated.

and if their lifestyles never changed maybe that's the case but as stated.. their is a progression that also comes with accumulation of wealth.

Long story short, I aim to take my financial success into my hands by accumulating assets and ridding myself of my liabilities. 

Depending on the relative amount of accumulated depreciation vs. gain due to price appreciation, the monetized installment sale looks better or worse as an alternative.It's also important to consider the transaction size.