Then an agent in the area approached me because they knew I was looking in the area and they knew the owner's nephew who had inherited it just recently and wanted nothing to do with it.

My understanding is if you inherit a property you get a step up in cost basis. 

In the case of inheritance, sometimes the best thing to do is to just sell them off and get what you can get so you can move on.

Now, that might be moot as they can always dissolve the entity and distribute the property in the year they inherit this, but it will be imperative for the beneficiaries to understand THEY NEED TO DO SOMETHING, or else you’re simply giving them the same problem if they do nothing.To reinforce @Jason Watson’s comment: corporations are downright unpleasant for appreciating long-term assets.  

In that case, you can then articulate the benefits of seller financing to them where they do not take the income all in one year and lessen the tax budesonide by spreading it for a few years.

The rub of coarse is the buyer will inherit, what my realtor has deemed as " Over run" by squatters.

I inherited the tenant with the duplex I purchased in Dallas county.  

I inherited a tenant whose lease ends by August 1st.

I inherited a property that I own free and clear.

He inherited and is willing to use it all on this endeavor.