You would get the rest of your assignment fee at closing.4. take assign contract and deposit to title company so new buyer and your fee will be on HUD1.5. wait for closing to get your money.That is how I do it.Hope this has given you some clarity.I know this post is years old...but when you get the $1000 deposit from the buyer, do you have them give you a check or something personally or do you meet at the title company and have that $1000 deposit held with the title company?

Hey @Kyle Kline, these are all great questions to ask and ultimately it will be personal preference. 

For background this is my first investment and I own the property personally not with an LLC or anything of that nature. 

I personally would put down 20 percent and keep the rest of my cash, even if it meant I wasn't "making money" in the beginning.

When you get them on the phone setup a time to do a zoom call, see how they do business, who the connections are they have, and if you get to know them through those conversations and feel good go meet them in person.

However, the person you spoke with has a good point.

If anyone is interested I have a contact person who can provide more information. 

Not sure if personal info is allowed here but look up nerdtech on youtube for some details on how it works.

One thing I've noticed many experienced investors are recommending to do, but many first-time investors don't practice is; to go and see the out-of-state property in person.

@Grant Vincent Personally, I prefer to stay at a place that's 100% wood inside, no drywall and no paint, because I want it to be as dissimilar to home as possible.