I feel I will have more competitive edge by having more control over the transactions and having bigger leverage on selling properties with agents.

I plan on spending 15-25 hours a week on the flip myself (I've designed & built a house for my parents & maintain my parents rental (their old house), so I'm pretty handy).

The first line of my addendum reads: "This Addendum incorporates by reference the P&S Agreement between the Seller and Buyer dated ___, and should any inconsistency exist between this addendum and the P&S Agreement, this addendum shall control." 2 Critical Terms to My Addendum:1) In California, the standard P&S Agreements / Offers Forms contains language that an assignment can only be made if you get the express written consent of the seller.

I can't speak for every QI but the way we handle management is that while the EAT is the owner of record, you actually have a NNN lease on the property that allows for sub leasing so you control all expenses and manage all aspects of the property.  

Right now you have few options and are not in control of the direction of the situation. 

First ones who come to mind are my parents.

Remember you don't have to own a property to control it.

The bank has no control over the occupancy, and Always would rather have an occupied property. 

My goal is to help my parents with retirement, help loved ones through educational costs, and work towards alleviating my own debt.

Remember you don't have to own a property to control it.