This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

As stated on this thread, you do not have an option to ignore depreciation.

The question is like asking how to determine someone's age, ignoring time lived as a factor.

I would personally would ignore all the folks saying to research laws, call a lawyer, etc.

#1 Ignore assessed value.  

If they choose to stay, I would ignore any future comments/complaints about the situation. 

This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.

Obviously, all factors have to be considered, but that is one of them that gets ignored often.

Do the surviving partners get that investors shares or do they have to deal with relatives that may be ignorant and/or greedy?

You are completely ignoring the fact that you defaulted on the contract.