Cash offers would net you less.  

., why aren’t they offering you a stake in the partnership?

Not to be negative, but I'll offer a bank to stay away from ...

Prioritize Communication with Your TenantsWhy: They’re directly affected, and maintaining trust is essential to prevent disputes.How:Sincerely apologize and keep them informed about the steps you’re taking (even if progress is slow).Consider offering additional compensation (like another rent reduction, covering temporary shower solutions, or a gym membership for shower access).Document everything in writing to show your good-faith efforts, this can protect you legally if tensions rise.2.

Once you offer a compensation such as this, it could be expected.

While 80% of these deals will most likely be terrible, you should be able to find a couple worth walking or offering up on.

If you don't change the insurance, the new owner of the property would be uninsured altogether.If the loan is in your name, and the the property is owned by an LLC, then that LLC offers no protection as the comingling pierces the corporate veil.

My inclination is to suggest paying back the PML 70% of the land proceeds (presumably $168K) at that closing and then hold the remaining loan until I sell the house. 

A minimum of $1M in coverage provides added protection in case of major liability claims, though $2M–$5M offers even greater security depending on your situation.

Would love connect with anyone in this industry with this kind of experience, open to collaborating or offering the home for this type of program.