Also if have real estate licence did your broker still allow you to utilize this strategy. 

If you have an RE licence and can get a bank commercial construction loan at 1pt/6% (which is actually high) you just cut you financing and commission line items in half.  

The fact you are here asking for a Purchase Agreement and Assignment of Contract leads me to believe you are relatively new to real estate (and business contracts in general).Have you considered getting your real estate licence and finding a broker who is also an investor under whom you could learn and earn?

You definitely have à head start having been a licenced wholesaler for 4 years  , Cyril! 

thankfully this is only a fictitious conundrum!

Thanks Desmond, Would you be able to look it up for me since you have the RE licence??..

Passed the MI state exam with no issues.As far as practicing after obtaining your license, I have no idea. lolI moved to FL and never got a chance to practice...but from what I see there is a lot more "on the job" experience to gain after hanging your licence somewhere.

Can you get a contractors licence yourself?

Jay, You don't let them know it's a fictitious add.

Hint:  If you plan to occupy one of the units and they are all presently occupied, designated the weakest unit (lowest rent and/or month-2-month lease) as the one you will occupy.An insurance quote if you have been able to obtain one.For Identification, your drivers licence and/or Passport will suffice.You could bring a market analysis with you, but the residential mortgage agent probably won't look at it (or know how to interpret it) - they'll plug numbers in to a computer application - which makes its own assumptions about vacancy, etc..