My pitch would be something to the effect of "I'm a real estate investor, and I'm interested in buying your house as is for cash. 

If I am reading it correctly this would reduce taxable income significantly but still not to the effect of a step up basis in an inheritance scenario.     

The effects are often exaggerated and sometimes completely fabricated.The tenants caused the mold yet you keep bending over backwards to accommodate them.

Keeping it tied up, lowering my effective return, all so the GPs can get a tax break isn’t honoring my money.

Unless of course you have some amazing partnership written agreement that had took all little details in consideration and you know for sure that you getting $24,000 returned to you no matter what happens.Her RE license is not at risk because it's a business transaction with you in partnership and business goes bad sometimes. 

Also, many of the Airbnb’s and VRBOs in Waikiki are not presented effectively.

I have listened to over 15 different BP podcasts and on one podcast there was this one energetic guy down in Florida that was only a wholesale guy and had a ton of effective ways via mailers to get his deals.

Also, the concrete sitting area(s) which looks to be damaged and/or neglected for years does not add to the appeal -- you may consider power washing and/or staining as its cheap and effective.3.

Many investors run into issues with raising capital due to errors from years ago, particularly issues that effect their credit, so the question is do tradelines work to enhance your credit to the cream of the crop and qualify you for the best terms and rates for your fix and flips and buy and holds?

I have experienced several hardships like these throughout life and know first hand how this can effect families.