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.

I would appreciate any recommendations on how to begin The Nort Bay can have some great opportunities, like most of CA there will be challenges.

We're in the SF Bay Area with a few rentals, then other parts of CA and out of state.

I have been wanting to buy a multi family in Palo Alto, CA where I live currently.

I am in California.  

Equity is king

I'm located in the Southern California area...Orange county to be exact.I would love to see a copy of financial statements from someone in the industry, so I can simply see a example of what type of expenses & margins I can expect.. 

@Tina L King so "home runs" have become harder to find each year but here is one of my home runs.

I want to use it for a fourplex somewhere in Riverside, CA., which is the closest I can to Camp Pendleton, where I am stationed.

I would really like to have a vacation home in California or AZ that my family can use to get out of the city and be closer to nature.