Lots of warehouses and fulfillment centers are getting built there.

I assign the contract, which is legal and the seller has no say in it as long as the contract is fulfilled and the assignment isn't expressly forbidden, when I decide I want to wholesale the property.

Then once you have fulfilled the owner occupied requirement you will be able to acquire your 2nd property.

The seller holds title until the terms of contract are fulfilled and then the title is signed over to the buyer.In this case, the buyer would like me to sign over title at closing, and have me take a mortgage note on the property.

All the wish fulfillment you could want. 

@Matthew Trotter Purchasing a home as an owner occupant, fulfilling the residency requirements (normally 1-2 years depending on the loan) then moving out to a new house that you will owner occupy is perfectly legal. 

Maybe it's partnering with people to help them do what you already know how to do, which would be super fulfilling.

They both fulfill nearly the same functions, but people investing in CA, and from CA, can avoid the annual franchise tax that will hit you for $800 per LLC or series.

Owner could say they followed the spirit of the agreement and did not receive any insurance payout, but never put in requisite effort to complete claim process because they didn't really have to in order to fulfill contract terms.

Even though there's no monetary gain on my end with her first deal (next time I should charge a mentoring fee - LOL), I am including it here as part of "The Good" because I feel proud of her and I get a sense of fulfillment helping people.