Good Afternoon Everyone,I'm a property manager. 

Yes you can sell it, you will need to record the land contract with the county to show your equitable interest and make sure in the land contract it gives the ability to sell the property for more than the loan amount and the current owner will oblige to execute the documents as part of receiving the money.

I work in property management in Chicago, IL so please don't hesitate to ask questions about property management. 

They agreed, including them paying all closing costs, and we had set a price in the lower 400ks… I asked for more money, which they obliged to add about 10k to, but just today they said their partner pulled out.

Also call a few property managers in the area they might give some insights on the market. 

Risk management is another crucial aspect.

It has to be managed through direct messaging. 

If the loans are in your name, it does not matter who is paying, they are a debt obligation.

The property hasn’t pulled in a lot to cover the cost but for safety I can manage fixing some within budget. 

We have a local manager that can check ID's upon arrival.