Promising a seller you will purchase their property with NO intention of closing if you cannot assign the contract is not an honorable way to do business.

Driving for dollars tonight with the intent to knock on some doors.

I've been studying, researching and saving for a little over a year now, and I feel the time is right for me personally and I'm intent on moving on something rather quickly.

That's when I knew this generic Contract wouldn't work.Having full intentions to get the proper paperwork.What would be my next step?

However, the one constant in life is change.My experience is that despite good intentions, people and companies tend to lose focus and you will have to replace the property manager every few years (along with every other team member).

IE I should be upfront with my intentions of being a wholesaler/rehabber and not looking to settle down as a homeowner? 

A landlord or any other borrower is not where you should be getting a lending education, they know what they did but they don't know what all a lender does.Another issue with learning from potential borrowers, is that the borrower explains the deal to convince a private lender, they really won't get into explaining their risk exposure, that would be like talking the lender out of making the loan......ever hear a borrower tell an individual how long they may have to wait if the died, took bankruptcy or they can't finish the project because their tools got ripped off......or whatever the reason.Investors that teach folks how to lend money to them are probably most most dangerous out there, their intentions can be very good, their knowledge is not from a lender's side and they won't be hammering all the nails in.Learn from lenders, Jon has loaned money, HMLs and brokers that do a wide variety of lending are probably the best as their experience will be broader.

I like the idea of giving them options on a letter of intent because it puts all possible scenarios on the table.  

@Steve Pollack, I am a new house flipper who on 13 August, barring any setbacks, will have completed my first intentional flip from close-to-close. 

If you have none of these things and you're not telling them your true intentions for their house, unfortunately they're right, you are a scammer.