If not they could spend money and time and offend buyers if they update the property incorrectly.There are other options, such as landlording.

and only close IF they find a buyer to either pay for the contract assignment or pay a higher price for the property?  

My plan is to possibly use it before the spring on a down payment, but then quickly pay it off (I'll have enough for 20% DP in spring but am trying to beat the buyer rush for that time of year).

Quote from @Juliet Silver: It may be an investment, the buyer is working on a variety of scenarios now.

I’m looking to connect with:Partners who can bring resources or experience to the table while I handle the heavy lifting of deal-finding, analysis, and management.Investors interested in deals with clear strategies and long-term potential.While I’d prefer to build a portfolio for the long haul, I understand the market always has buyers.

Then as people move out do the exact same thing to those units.You can get in with an FHA loan at 3.5% or a first time home buyer program. 

Quote from @Max Ferguson: I'd be interested in hearing about it, but I can almost guarantee if you aren't extremely well versed in the local market you will not find an end buyer.

My friend and her husband disagreed and let the buyers know and that it was still covered by warranty.

@Frank Alfano Avatar is your ideal prospective client.

Although finding cash-flowing properties within Austin city limits can be challenging, the outskirts, where growth is booming, offer excellent prospects for both equity and cash flow.