Our major focus has been developing two larger (for us 220/365 units) locations in a larger town and we haven't looked back at our original locations. 

Because at this point there's no guarantee that you'll get your original principal back out - especially on any deal where they are calling for more capital.

(Originally from CT/UCONN grad) Here as a resource!

Now if buyer fails to make payments it would be good for Buyer to deed it back to the original seller. 

I could work backwards if I had to to add up all of the depreciation I claimed over the years and subtract that from my original basis, but I don't know what the original basis was. 

The first agent may have procuring cause status, which might entitle the first agent to payment, in addition to the new agent.Why does the original poster want to dump the first agent? 

A fair price reduction would be based on the original price per lot ($12,000 x 5) or $60,000.

I'm Jaden Rodriguez, i'm 22 years old, originally from Florida, and I recently moved to North Carolina to be closer to family and pursue investment opportunities.

Thanks for the feedback, tree service in the area is a bit pricey so in relation to the original post should I only focus on the unit or until focusing on the property as a whole?

However, that won't work for several reasons:  1) The lender is not going to finance the $15k assignment fee2) The lender isn't going to consider the purchase price in this example to be $150k, they would typically use the $135k price in the original contract, and 3) In this particular example they may not even use the $135k price because it's not an arms-length transaction since it ultimately boils down to a deal between you and your father.I applaud you for trying to be creative, but ultimately what you're proposing isn't going to work and it's going to make the transaction a lot more complicated than it needs to be.