If they don't want to budget for contingencies like that, then it's a disaster waiting to happen for all parties involved.

It might help if both parties were willing to use the same medium.You will run into issues with all of the fees.

You can't get a truly helpful answer here without sharing the exact and complete language in all the instruments, information concerning the parties involved in the original transaction, and details on what has transpired since.I actually can't tell from the question what the goal is.

Hey @Mike Allen, I use the Schlage Encode Smart Wifi Deadbolts at my STR - one for the front porch door into the property (it's a duplex), a second for the main entry door into the upstairs unit itself, and then one on the supply closet in the unit for our cleaning team.I don't have any third party management software in place at the moment, and therefore can't speak to the integrations at this point in time.  

I'm a little late to this party, but I would definitely consider leasing it and trying to get some of your money back over since rental rates, I believe, are near all time highs, especially in Cleveland. 

Most frustrating part is the deeding process.  

The real estate in this case also happened to be phenomenal and McD's crushed it out of the location so not only did the interested parties feel that they could take a lower return in exchange for the lower perceived risk that McDonald's would ever close this location but they also knew that the underlying real estate had inherent value and they wouldn't be left holding a bag if McDonald's ever did close that location.I would also note that there are other things to be cautious of when reviewing deals on a cap rate basis.

From my part, I analyze the property's location, neighborhood growth, appreciation factor, the average rents using some paid tools, and crunch some numbers for them to let them know the CoC return, cash flow, and more etc.

Is it better to stick with banks go through 3rd party ?

So many advantages for all parties, just as you mentioned.