Their is no reason to sell unless you want to free up your ability to finance something else and you can't pay down other assets with cash on hand in order to get the new mortgage, etc.This is all from the little experience I have and what I plan to do the next few years.

Most lenders know that something bad will happen - that's the nature of the biz - so they are usually not only looking at the deal and the ability to pay back the loan but also about the skills of the operator to get out of difficult times. 

Then the issue is probably that the contract prohibits an assignment and the LLC doesn't have the ability to fund the deal for a double close.  

What if the higher costs locally cause a significant delay in our ability to buy anything?

So far, you haven't really proved (here) your ability to find REAL "deals"! 

I am happy to talk through your specific situation and answer anything in more detail to the best of my ability.

As a bystander, you are limited in your ability to influence the outcome.

They came back with a bill and penalties and my CPA said sorry that must have slipped through! 

I'm staking my future ability to eat on living and working in Memphis, which I why I request substantive data when presenting a "run like the wind" from wherever it is claim. 

@Sean Walker Here's an interesting BP thread on the topic. https://www.biggerpockets.com/forums/311/topics/18...The bank issue might have to do more with credit rating of the loan and the ability of the bank to package your loan w others to sell.