That said there are some workaround and alternative loan programs that can potentially work.  

An alternative would be a hard money financing.

There is a time factor that needs to be accounted for as well.In my opinion - you will need to be able to reasonable achieve 2-3x the rents vs. the alternative for room rentals to be worth the squeeze.I'd check to see what other folks are renting individual rooms out for to see if it makes sense diving into.

They instead use an alternative method separate from both of the mentioned methods.

Alternatively you could use a 1031 exchange and put all that equity into one large cash flowing multi-family commercial property with property management. 

I would look for alternative land options that you could use for RV parking since RV parking at homes is very difficult and people don't use their RVs much, but there are a lot of RVs in Texas.

So it's possible that the assignee might decide to cut his losses and forfeit the fee amount he already paid in.Regardless of why this might happen (which is really immaterial), the questions I should have asked are:How frequently (percentage of a wholesaler's deals) does it happen that a buyer backs out of the assignment, andWhen it does, how successful are you in pursuing the alternatives mentioned in Dustin Heiner's article?

Alternatively, this can be sent to collections (creditor transferring the responsibility of collecting debt to a third-party agency). 

That would be a very good alternative to multifamily. 

Anyone else invested with their Fidelity IRA into an alternative investment recently that I can look into the fund to see if it might be right for myself?