The VERY HARDEST part is setting the price and advertising.

Since then we have moved out of the area and been renting it out for the past few years.We are slightly negative on cashflow, about $100 a month or so when you account for a 3rd party property management service and expected repairs etc.Our challenge here is the home is old.

I would think meeting somewhere in the middle would be the best option for all parties.

The last thing you want to do is have a long work day and then have to spend some hours on your rental properties.Hopefully you make good money given your credentials, position and the firm you work for.I would try to make your real estate as passive as possible.Try to find a third-party firm that can do as much as possible for you.Maybe you can find the property and they can do everything else from managing the rehab, finding a tenant and managing the tenant.Best of luck.

The first payment can be due whenever both parties agree, and payments can fall on any agreed day. 

This step formalizes the transfer of rights from you to the new buyer.It's crucial to ensure that all parties are aware of and agree to the assignment process before proceeding.Closing:At the closing, the new buyer typically pays the purchase price outlined in the original purchase agreement directly to the seller.Simultaneously, the new buyer pays the assignment fee (your profit) to you, as specified in the assignment agreement.The closing may involve a title company or attorney to facilitate the transfer of ownership and ensure all legal requirements are met.

This is why you customarily see plaintiffs attorneys take inventory of all parties who can be brought into claims and focus primarily on what insurance money can be made available. 

One owner is a wealthy casino owner who collects land and may consider selling but for way more than its worth.

I told my tenant that the contract is between us and as long as she pays rent on time through charity or on her own, I don't mind but I do not want to be involved with a third party.

Ensure both parties have a clear understanding of their roles, compensation, and exit strategy.