There has to be a solution that can help all parties involved.Could you short sale the 1st mortgage for the partial claim amount?

I guess it is better than losing money but I did put quite a bit of work into it and I was hoping that I could find another solution.

The solution was to take a piggyback junior position trust deed note recorded concurrently with the senior.

I can pull up a spreadsheet (and most other file formats) from the appropriate file folder in Drive on any device, phone, laptop or tablet.It is a great solution that offers decent web hosting.  

An outright sale might be the simplest and most cost effective solution; you could do a 1031 exchange into a more profitable rental property perhaps?

It is a better solution than going through eviction proceedings and besides this family really is trying to get back on their feet.Thanks again for the advice.

A better approach might be to send a letter of intent to the listing agent with some options that you have been able to come up with for creative solutions you have used in the past to help foster win-win sales.

Yes borrowing on the 401K is the solution.  

In this process, all the tenants would have a different base year, and hence varying amounts in the increases.I could build a spreadsheet for each tenant, but seems rather labor intensive.Just wondering if anyone has an easier solution, or if anyone knows if property management software, such as Buildium of Appfolio can do what I have described.

They make a scoring tool that pokes holes so the steam hot water and solution gets to the backing better.