Correct, the step up in basis would occur to be the FMV on the date of death assuming a 50% ownership stake.

I would highly recommend you to use Wordpress.

Got quotes that came up to as high as 8k one time and found many companies that would cover the home but would exclude Wind and other items which is not good in the state of Florida where hurricanes occur.  

Once that occurs you are free to handle the property any way you wish.

I would not count on short term appreciation to be great.Negative cash flow can get old fast   Especially when large cap expenses occur.  

It also does not have the same insurance protection if an accident occurs.

The thought of selling the note but never occurred to me, and I never even thought of it as an additional asset.

Also, with business cards, most lenders won't know the other ones exist, since they don't report to your personal credit history, so there's less chance for that to occur. 

Maybe rent is $2,500 and the option payment is $500 (just to use some sample numbers).Worse case situations can occur!  

I cant take him to court because neither of us live where the divoce was occured anymore.