A couple thoughts: Step #1 - keep the rentals and harvest the equity for redeployment - both @Kevin Dean and @Michael Ealy mentioned this approach. 

It's a rural property with timber that's not ready for harvest.

But then when the market dips down you won’t have any capital left to reap the harvest of discounted properties.

We are ready to scale down some of our larger SFH in Madison county (Harvest, Hazel Green/Toney areas). 

It still hurts a little bit to remove nice old wood and replace it with new wood that is not nearly as nice (but as least it's now harvested sustainably)

Now, personally, I think the fiber market could be developed into an industry that would be easy to grow and harvest on large scale.

I've often heard Gary Vaynerchuk say to offer your service(s) for free to bring value to someone and it will bring you greater dividends in the future, which is a little bit like sowing the seeds now and reaping the harvest later. 

Unless it's a $140k property and that $70k is 50% of the sales price, letting them harvest 50% of your appreciation is a bad deal.

Even if it *was* suitable as a rental, profits like that are better harvested right now.

That's also the harvesting point of bankruptcies.If the both of you have an agreement then that's just fine, just remember that your "verbal" contract can expire at any time.Let me rescend the previous statement.