That could potentially look like a prohibited transaction.I too would give them a call and ask how to handle it.

We purchase properties on the fly, fast closings & do not need to have anything approved by a 3rd party.We generally do LTO or just sell after rehab to buyers we already have lined up.We adhere strictly to arms length/no hint of a prohibited xaction rules.

The seller cannot prohibit the buyer from entering into a contract with a new buyer.

I don’t know that I agree completely with Jennifer Lee I would have agreed 20 years ago, but college has gotten prohibitively too expensive.

yes you can UNLESS the PSA specifically states you can not or any of the addendums agreed to in writing specifically prohibit it (REO, short sales, Hud, Fannie, Freddie have no assignment clauses).If you work direct with sellers, have your own purchase contract that allows for assignments and you are good to go.For those asking about double closings rather than assigning to "hide" your profit margin, keep in mind it only hides it temporarily, and if the price is right for the buyer, it should not make any difference to them what you make.

Can I specify in my lease agreement something along the lines: it is prohibited to use a balcony, using a balcony poses a risk of an injury and it’s a violation of the lease etc.

you can create a prohibited transaction.

There are prohibited transaction rules that you need to be aware of, but you can easily educate yourself about that.You will be able to continue minimizing your taxes by deferring portion of your income into Solo 401k (it allows you to shelter up to over $50K per year!!)

Also-the cost of compliance and the liability, of being considered a lender are prohibitive to entry into this business.

Some may not provide it at all (commercial use is prohibited) or they may charge you a fee.