We have never done something that extensive.

Hi Ian,From what I see in Boston area - it is possible, but not in prime neighborhoods, more in run-down neighborhoods with properties that need extensive rehab.

If nothing too extensive comes back is this a good deal?

I've been doing extensive research for the past few weeks and have had no success on obtaining a Purchasing & Sales Agreement and an Assignment Contract. 

Gives her a time extension to avoid a citation plus givers her time to move all the personal item stored in the moved out?   

Yes, definitely use a lawyer but the paperwork shouldn't be too extensive. 

He manages rehabs and has done some pretty extensive ones.But - he basically wants me to be the finance guy and he manages the project .

What's the terms of your agreement; how many days do you have to assign your contract, what happens if you don't find an assignee, do you have a legal and air tight assignment agreement, are you legal (not acting as an agent), is there real consideration, how much and who is holding it consideration, do you have a built in extension in the event you don't close in time, do you have right of possession durning contract period, what showing arrangement do you have?

https://www.extension.harvard.edu/inside-extension...

I'd try and get an extension with the seller.