Personally, I would like to do debt financing with the promise of giving back the money lended plus a percentage back (i.e. promissory note; private loan agreement), though I may have to consider an equity arrangement.  

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?

The cycle chart that describes the stages is not charting actual values during those stages.Here is what values behaved like YOY during those all those stages in one market example (SF) for multiple cycles. 

Neither you nor the IRA has a benefit as a result of the arrangement. 

I still am in the trying to find the right guy stage of the game, I do realize with time it will come (I HOPE, LOL). 

He likes the arrangement so well he has told his friends about it.

Prior to starting to flip full time I spent a year studying and learning the aspects of flipping: how to find deals, deal analysis, making offers, the renovation process and timeline, and staging/marketing. 

Today we contacted her to start arranging good times for some prospective new tenants to see the house. 

But we settled on an arrangement that we both were comfortable with: he bought a 2BR, 2BA condo for cash, and I paid him rent that gave him a 4% annual return over PITI—and I agreed to pay all maintenance and repair costs that came up.

Add your dazzle with staging.