Explain your goal to a professional and they can help you to craft a plan to transfer the asset with the least tax impact or explain the consequences of transferring it all at once.You will run up against gift tax if you transfer the property outright because the FMV of the property is well above the annual gift exemption.If you sell the property and pay long term capital gains and then gift the proceeds to your daughter you still face gift tax.I hope this helps.Ed

This would allow me to cashflow (barely), but I would then lose the super low interest rate of my current 15-year mortgage. 

Realtor.com is the public face of the National Association of Realtors and owns the trademark "Realtor".

Without getting too much into the details, she's facing an issue with another tenant that I don't think is something that insurance would cover.

That perfectly nice tenant, when faced with having to break a lease for a job transfer or divorce, will come up with novel or bizarre reasons why breaking the lease was completely warranted and legal under Florida law.

If she is having excessive visitors causing issues or more ware and tear on the property you may need to not renew her lease at some point.Remember you do not take anything anyone says at face value, not tenant or neighbours.

I think I have a great opportunity in my area staring me in the face!

I'll keep the community posted on my progress and I'm sure i will have tons of questions so, please bare with me. 

It seemed crazy low to purchase because a SFH should sell for about $70,000 , and I got two for the price of barely more than that.

You don't have to just take whatever is given you at face value.