I installed a grid drain in the sink because I con't like pop ups and removed the garbage disposal because they are a nightmare when tenants are involved.The house was built in 1989, so not as old as most in the area.

I believe Closed Probate means the court is satisfied that all creditors have come forward, and the estate has settled.Often, the Personal Representative has authority to dispose of property-usually with court permission.

Maybe you can consult with your accountant to see what kind of creative options you have at your disposal.

I have heard of using a land trust, but understood that is largely to avoid the cost of forming disposable LLC's.

Garbage disposal, microwave, internet, pool, patio table, window blinds,..... anything that could break or become a hassle.

For example, they may have furniture they need to store in a storage unit for a few months and other things that they need to move from a cottage, or an old boat or hot tub or pile of junk that they need to dispose of, and you can make that happen for them.

No ones situation is exactly the same, and some people will have more disposable income than others.

(2) To sell, convey and/or grant at public auction or private sale, to barter, to exchange, or to dispose of otherwise, any part, or the whole of the Trust Property which may, from time to time form part of the Trust estate, subject to such restrictions and for such consideration for cash and for credit, and generally upon such terms and conditions as may seem judicious, to secure payment upon any loan or loans of the Trust, by mortgage with or without power of sale, and to include such provisions, terms, and conditions as may seem desirable

I figure I might as well ask if the families (who are both from out-of-town) want to dispose of the property in the most painless manner possible.  

Investing should be accomplished with disposable income and cash on hand, absolutely not by by leveraging your own home for the money to invest, that being said for the unsophisticated investor!