If everything goes right, this would work out well in the long run for you due to rising rents and property values. 

Use this experience to work out the kinks and build a strong boots on the ground team.

It sounds to me like you've found value in the relationship enough to workout an offer that compensates everyone and doesn't leave you feeling in a weird spot.

The best house hacks cash flow from living in the smallest and renting the biggest so you need to work out all the scenarios that could come up.

Note that a month is a really short time to work out a six-member LLC. 

However, there are two other possibilities when an investment doesn’t work out.

Wow not really trying to make this thread about the virtues of crypto I don’t know if it will work out or not of course it is speculative and you are right it is not a currency but that's been well understood for years its a store of value.

The top chart below quickly shows you what the renovated, avg and distressed homes sell for in that area on a $/sf basis over time, so if you are estimating way over the top line, you instantly know something is off, maybe you have an outlier comp on your hands, etc.It doesn't have STR data, because any STR we build must also pencil as a LTR to avoid being upside down if it doesn't workout, so we use normal residential lease data when underwriting our rentals.As for forecasts on the market, I don't do any aside from the current Q trending % at the footer of the charts, and it's really just the current Q's average data/performance held constant and applied to the rest of the quarter (since not fully done with Q yet).

The problem with a cash offer using hard money is it still has to go through their underwriting and there is a 3 week turn-around, so the deal would fall through if something didn’t work out.

Since it did not work out to sell with agent, was thinking about trying the for sale by owner approach, but wanted to reach out to see if anyone had any advice on pros and cons, and any guidance.