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Remember too that she will only have to pay taxes on the difference between the 'stepped up basis' value and the net selling price after all expenses. Depending on how long she has owned it, the taxes might not be so bad.
If she has been depreciating the rental property she will also have to pay 'depreciation recapture' tax. She will definitely want to talk to her accountant. As long as she knows her 'stepped up basis', the tax due on sale is not that hard to calculate.
Also, tell her she is lucky she is selling now. The capital gains tax rate is 15%. This is as low as it has ever been.
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