When you have a turnover, someone needs to inspect, coordinate and supervise turnover, show to potential renters, etc.

Hey guys, excitedly i just completed my first wholesale deal(s) this week... but i quickly learned that there's a lot of communicating that needs to happen and coordination between the primary seller, the end buyer, and the title company.  

He will be required to have references and proper insurance but it's not difficult having him approved. 

The key to having great financial systems is the setup and systems: If you get everything structured properly up front, you avoid most of the ugly problems many RE investors face later on.I'm not an accountant nor a bookkeeper, but I have great recommendations for both!

Your irresistible offer appears to not have turned out so well either by your own admission and my advice is to help you and others reading this about the importance of knowing how and what to have in your contracts, how to properly vet buyers BEFORE you bring them a deal, etc. your situation is a great learning lesson for others and for yourself if you are willing to learn from your own mistakes.As to the assignment being legal or not, I am not 100% knowledgeable on NC laws, however, I have had several experienced investors tell me North C has similar laws regarding this process as does CA, FL, etc.

Hey Natalie, I was in SF proper and then Walnut Creek for years.

I always try to investigate what these guys are saying, because I know a lot of this is very difficult and well if it wasn't it would not yield such high rewards for doing it properly and successfully.

Relieve them of the management duty, as they are not representing you properly.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

I find this level of underwriting lacking with many flippers as well, failing to properly consider the holding costs, insurance costs, taxes, etc.