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.  

(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

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

If you have other passive income from real estate or other passive activities, you can use these losses to offset that income.If you don't have sufficient passive income to offset with the losses, you can carry forward the remaining losses to future years until you have passive income to offset or until you dispose of the last of your passive activities.Offsetting Other Income:Passive activity losses are generally not allowed to offset non-passive income, such as wages or dividends.However, when you completely dispose of all your passive activities, you may be able to deduct any remaining unused losses against non-passive income.

Just imagine if every family within a 10 block radius of your house all of the sudden had $150 less in disposable income each month....

However, these units should not have garbage disposals, Ice and water in the fridge door, etc.  

Also, to your point about depreciation recapture - you can always report accumulated depreciation once you dispose of a property.

You'll have all the equity built up already at your disposal. 

I get what you are saying about imposing... but at the end of the day she would have control of it, so could manage it and dispose of it in the event that things went awry.  

I have collected exactly 1 in 25 years and that was from a soldier who had to have my signature to clear postGood luck and feel free to contact me if I can helpDoes Texas landlord-tenant law require a landlord to give proper notice to terminate a lease agreement that has converted to a month-to-month agreement and/or follow abandonment procedures before entering a rental unit, disposing of tenant belongings, and re-renting?