Engaging with seasoned investors and participating in discussions will expand your knowledge quickly.

That will get you from zero to about 80% knowledge level.1.  

That states KNOWLEDGE of wrong doing.

My below recommendation is something I'd do only if I had these things in order...But what I would do is put that money into lead generation dollars through Google PPC to generate new seller leads.I'd then close these deals and either assign the contract to a cash buyer OR novate the property on the MLS with the help of a local agent.After that when you have some good coin in the bank you can explore more investment options at your disposal.And just so you know -- I consider myself someone very low on the industry totem pole due to my small amount of experience. 

@Don Konipol @Chris Seveney to my knowledge are current fund owners/managers and are very versed at the rules..

"pay me double of my expected assignment fee upfront., or in escrow and I will terminate it.

You really have no idea how helpful all these little tidbits of knowledge are.

I'm still in reconnaissance mode... so need to collect as much information and knowledge as possible before deciding what to do.  20-80 is more of a rule of thumb and not a "magical" ratio.

He locked in a deal that would later bring in a $40,000-$50,000 assignment fee.Here’s the kicker: as Dylan was leaving, another investor pulled up to meet the seller—just minutes too late.

Thank you so much for sharing your thoughts, experience, expectations and thorough knowledge about locations.