December 15, 1998 VIA FEDERAL EXPRESS Apple Residential Income Trust, Inc. Old City National Bank Building 120 W. Third Street, Suite 220 Fort Worth, Texas 76102 Dear Sirs: Pursuant to section 2 of the Amended and Restated Property...

   

                                                                   EXHIBIT 10.57

                    APPLE RESIDENTIAL MANAGEMENT GROUP, INC.
                              000 XXXX XXXX XXXXXX
                            XXXXXXXX, XXXXXXXX 00000

                                                               December 15, 1998

VIA FEDERAL EXPRESS

Apple Residential Income Trust, Inc.
Old City National Bank Building
000 X. Xxxxx Xxxxxx, Xxxxx 000
Xxxx Xxxxx, Xxxxx 00000

Dear Sirs:

          Pursuant  to  section  2  of  the  Amended   and   Restated   Property
Acquisition/Disposition Agreement dated October 1, 1998 (the "Agreement") by and
between Apple Residential  Income Trust,  Inc. and Apple Residential  Management
Group,  Inc., Apple  Residential  Management  Group,  Inc. hereby terminates the
Agreement in its entirety effective midnight December 31, 1998.

                                    Sincerely,

                                    Apple Residential Management Group, Inc.

                                        By: /s/Xxxxx X. Xxxxxx
                                            ------------------
                                               Xxxxx X. Xxxxxx
                                        Title: President