For example, a party (theassignor) that enters into a contract to sell a piece of property can assign the proceeds or benefits of the contract to a third party (the assignee).Is this wrong?

I could be wrong but I believe that’s the case.

Perhaps I am looking in the wrong area with low rents or either the property price is too high in order to make the numbers work. 

I know that I have to go for the cashflow so I trying to don't go wrong cause is the first deal and I don't want to lose money, and I know that the first deal is the more difficult

And he's structured this for you to either fail or not be in a good position to live your life.I could be wrong, I haven't had my coffee yet so math is out of the question, but I'd see what the positions look like with some forecasting and see how bad or how good it is.

Probably 15k-18k total in fees is my best guess.So I'm stuck between a loan too small for a big lender and a loan in the wrong market for another.I think the right bank may be a local-ish lender in the Texas market.

I probably used the wrong term when I used "stabilized".

Luckily, we knew a plumber and were able to install a sump pump system that drained out to the alley (a ton of hard work - digging a 3 ft deep trench 50 yards in the classic baltimore rocky soil).

Please tell me I am wrong...

Thanks Greg, I guess average was the wrong word.