How to escape contract after due diligence has expired?

[Jacob Marble]

I have a property under contract, it's 12 units and probably a good deal for a local investor, but it's remote to me and I have decided I don't want it. The problem is that my due diligence period has expired and I don't want to let my EMD go (I put more in this one because the market is competitive).

So what are some ways to find a new buyer to assume the contract?

• I posted on the BP marketplace.
• I have asked my agent to tap his network.
• I contacted a few investors (local to the property) that I found online.
• The seller isn't interested in resetting the contract for another investor, wants me to simply assign the contract to someone else. If not for that, this would be over.
• So far, I have chatted with about 3 interested investors, one did his due diligence and passed.

What other ideas do you have? There should be buyers for this property, I know because I was outbid on several similar properties before getting this one.

Obviously, next time I'll keep a better eye on the clock. This is a mistake I hope I'll never make again.

Thanks!