This method leaves a lot of stress and unknown factors off the table and limits the pool of potential buyers to serious investors instead of dealing with the potential issues of individual buyers looking to buy a owner-occupied unit. 

. ($283,000)If I were to put it under contract I would offer the following: - buyer will pay off the balance of the note ($295,000)- Seller will receive $275,000 in cash because buyer will cover the rehab cost to receive the Gross Potential Monthly Income- Seller will split the closing cost 50/50 with the buyerI would love to hear some input from the BP community.

Get good marketing and promotion of the home for qualified buyer interest and move it off your books. 

Currently I'm working on finding buyers to create a list but how? 

Are you representing a buyer as a RE or are you buying it for yourself? 

The seller understands I wont be acting as a broker in the transaction and have found the potential buyer to assign the contract to.

We're in contact with some potential buyers/antique collectors and auction houses.

I've used them as a Broker and buyer for years.

Have the buyer put 20% down and charge them a higher interest than you pay a monthly in PITI. 

Dan Stewart I don’t know Michigan law or common practices but out here the buyer does a “final walkthrough” often the day or a few days before closing.