My 4th property is under contract now. 

Even more exciting, I’m already getting my second property under contract tomorrow with my partner.A huge thanks to everyone for the incredible content!

@Jae Yoo you should read your PM contract very thoroughly or even hire an attorney to do so, before thinking you can just break it.How would you feel if a tenant just broke their lease with you?

most contracts your 5k is your liquidated damages in most contracts. .. so snag that fire the agent and find another buyer if 13k is that important to you.. for sure not worth hiring an attorney for. 

Quote from @Alex Ng: I plan to purchase a property with an executory contract.

I get into contract in my operating company and then assign the contract to the new LLC prior to closing.  

You will have to rewrite the contract.

And, would that invalidate the contract?

Hello Doug, I am not a real estate attorney nor is this legal advice.Unless someone's state has specific laws banning contract assignments you should be fine doing the following.  

Land Contract.