You can get a much more abbreviated contract that many attorneys will create for you.Not all contracts are assignable so check with your local attorney to see if they are in your state.Good question and good luck!

This way I am more prepared for the next time an opportunity like this comes up.So here are the details of the deal:3 bedroom, 1 bathroom single family propertyListing requested an all-cash offerThe numbers looked like this:Listed on the MLS for $80,000Needed about $20,000 to bring it up to meet or exceed the quality of similar houses in the areaEstimated After Repair Value (I think abbreviated ARV) was around $141,000Similar rents range from $1,100 to $1,300Initially looking at this, my thinking was that the $80,000 purchase price plus $20,000 rehab bill puts me at 70% of the ARV, and my understanding is 75% or under is the target for BRRRR. 

@Kenny Tsai try using less abbreviations and slang and you will probably have a better chance at setting off someone's keywords set for that specific area.

You already received a great list from @David ThompsonHere's an abbreviated list from me: How long have you been actively engaged in real estate investing?

Also if anyone has links explaining all the abbreviations you use that would be helpful.

And under the description of that abbreviation it says Term Dec Interest and nothing else.

Can you please give the abbreviated road map [if you don't mind] from 6 to 130?

Just started reading here and noticed alot of abbreviations.

This should help you, Josephine:http://www.biggerpockets.com/abbrev.htmlYou'll find all the abbreviations you need.Make sure you check out all the links on the left of the page, as there is a ton of useful info, articles, and resources to help you out!

Tammy:Click on Resources" and then on Real Estate Tools - there are some links to "Abbreviations" and "Glossary" that will answer all your questions, plus you can enter the term in "search" as the other guy said.