This will keep late payment strikes off your credit.

drone strikes

I'm asking because I've been listening to some BP podcasts and it seems like there have been scenarios where the Seller and Cash End Buyer strike up a side deal when your contract with the Seller expires.  

Another option is to use a home style renovation loan which does accommodate primary residences 1-4 unit, second homes 1 unit only, and investment/non owner properties as well (1 unit only).The LTV's are similar to regular conventional financing from 75-95% LTV with the lower being investment and the higher being primary residences.The benefit is you can combine your purchase money loan and your rehab cost into one loan upon purchase and your rate is 5.00% or less as of current rates while with hard money you may be in the double digits with multiple points.The downside being that you may need more time to close, these renovation loans typically take 40-60 days to close.Your original question basically strikes at a balance of asset protection (LLC hysteria/hype) versus financing optimization (best rate/terms/etc).

Just strike out the Assignments clause.

Better hope you strike it right or hold longer than 15 years!

That's not an under the belt strike, its just the reality.  

The more people you call, the greater the probability you will strike gold on at least one call.

However, I've gathered from others that one of the better strategies (in an attempt to avoid dealing with the banks) is to find buildings that are nearing the foreclosure stage, contact the owner directly, and try to strike a deal.Again, I'm new to this, so does anyone who knows the space well have more concrete feedback on Ryan's answer and this approach?

Tenants have also banded together to form tenant unions and call for rent strikes if relief cannot be found.