It definitely exists in other markets).

Housing shortage exists, so demand for good housing still moves fast.   

Put all your cash flow into improving your existing rentals or buying more.

If you can hold off for 2-3 years to save more and build a solid emergency fund, it may give you greater financial flexibility when you’re ready to buy.If buying now feels too risky, consider renting for a while to gain privacy without the long-term commitment of a mortgage.

It's important to have your attorney review the title commitment, as I've seen "wholesaler-friendly" title companies include various items in the title exceptions that could cause problems later on. 

I've committed myself to being a full-time real estate investor, private money broker and real estate consultant!

I was on a Senate Steering committee way back in 85 on how to deal with all the platted antiquated lots in CA. there are millions lots created before the modern rules and these lots exist today but many are not buildable and are traded back and forth from tax sale buyers to retail buyers who dont realize their 5k lot in CA is non buildable.So there was a big conference in FT.

@Richard PastorI would urge you to get a commitment from a lender on a heloc BEFORE going down this path.

By assigning the contract to the The end buyer, he should be responsible since he is the one making the commitment to buy the property not me. 

Those alternatives don't exist today (generally) so you should be fine just saying its financed.