I am not seeing any language mentioning this.

Issues with Assigning a RE Contract (with BANK OWNED REO property)Many BANKS who are still putting out their REO inventory are refusing to allow for ANY type of language in the Buyers Purchase agreement which allows for the BUYER to ASSIGN their purchase agreement thru the Escrow. 

@Romela JoverIt completely depends on what the contract language states.

That's asking for all kinds of friction.Here's a short list on the lost value for honoring the "sweetheart" lease:Security depositPet rent and/or pet feeLoss of rents due to under marketHolding costs/vacancy/marketing when the tenant leaves "whenever he wants"Other operational headaches / PITA "tax"Your attorney should have suggested estoppel agreements as well as language in the contract that states no changes to or new leases can be signed by seller henceforth.

Most people are so negative that they will think up 657 reasons why it won’t work why it’s risky why your uncle louie tried it and failed why you’ll lose money etc .. family and friends won’t understand , it’s not part of their language and they will view this as foolish and haphazard .

Both properties I have been looking at are located within 5 minutes of my university.

Type of language.

Louis has great universities and med centers, plus family weddings and baseball. 

As for the getting started, I started at YouTube University and the institute of Podcast.

It is a piece of crap 1960s condo on the bus route close to University of Texas with coffee shops, bars and restaurants within walking distance.