[fiedlerh]

Not quite like your situation, but when my M-i-L passed away a year and a half ago, the three siblings decided to rent out her townhome. We used a rental agent to screen potential renters and weed out the deadbeats (there were several).

The renters were good and always paid on time and kept the place clean. Siblings split the profit/loss 3 ways. After all the deferred senior citizen taxes and a new sewer line, there was a loss instead of a profit. After the lease was up, everyone decided to put it up for sale. Two siblings are retired and don't want to deal with renters, and we are too busy working.

Renting for a period of time could be an option. It gives you time to do repairs, decide what to do with the stuff you have stored there, and prepare the property for a future sale. It all hinges on finding good renters. After a year, if it is too much of a hassle, put it up for sale or buy them out.