The property is being offered with a Special Warranty Deed rather than a General Warranty Deed.  

I am an agent based here in Memphis and specialize in out of state investors.

It maximizes your potential for income flow while letting you dabble in real estate.It is a great benefit that you are prepared to work on do-it-yourself projects and concentrate on little improvements.

The breakers kept tripping that's main reason why I upgraded the electrical box and a lot of diy handyman special upgrades and repairs throughout the years in this house.

When exploring financing strategies for your first BRRRR project, especially with an owned property, start by researching reputable private or hard money lenders who specialize in rehab financing (like us :)).

That can take some time to build the teams, vet them, and be prepared to have some "BiggerPockets" for your reserves if things go south.

Here are some potential steps and considerations for your friend in dealing with this issue:Steps to TakeConsult with an Attorney: It is crucial to seek legal advice from an attorney who specializes in real estate law.

These firms specialize in this type of work, and as such, we rely on the information we receive from them to make determinations on how much capital we advance for improvements made to the property.In this case, we believe the third-party inspection company did not perform their duties.

This means that you have the right to assign the contract to another buyer without needing the seller's consent (unless specified otherwise).Assignment Agreement:Once you have a signed purchase agreement with the seller, you, as the wholesaler, can then prepare an assignment agreement.The assignment agreement essentially transfers your rights in the original purchase agreement to another buyer (an investor or end-user).In the assignment agreement, you will name the original seller (assignor), yourself as the wholesaler (assignee), and the new buyer (assignee).The assignment agreement should outline the assignment fee (your profit) that you will receive from the new buyer upon closing of the sale.Execution:Both the seller (assignor) and the new buyer (assignee) need to agree and sign the assignment agreement.

Prepare the form.