Thank you very much for the thoughtful response Dennis! 

What is the best overall water metering company you have found when it comes to ease of installation, reliability, and the cost of the equipment and monitoring?

@Stuart Udis Thanks, I understand the possibilities.

Quote from @Merny Pierre: I'm following this thread, Thank you all for your valuable input.Where can one go to find hard money lenders in their areas?

I'd compare the cost of the buyout vs. the penalty you'd get hit with IF you refi or sell. 

I'm new to the BiggerPockets community but not to real estate investing.

@William Causey depends on the transaction and the parties involved.Agree with @Dennis McNeely on some of the transaction costs.A different issue though is with an Assignment, the buyer gets to see what you paid for the property.

Well said, Desiree.Gator lending is secured by contracts that say that if the buyer doesn’t come through, then the gator gets the EMD back. 

Does anyone have any good recommendations on books or accounts I can follow or read to learn more? 

My guess is You will need to go through a foreclosure process in this situation as a legal remedy.