Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T"  ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario." 

Lastly, build relationships with cash buyers and hard money lenders early on—they’ll be key to closing deals quickly. 

Look for your states offer to purchase contract online or contact a realtor to get a blank copy. review the agreement to be sure assignment is not expressly excluded. if there is nothing excluding assignment from the contract then writing the words "/And or Assigns" after the name or company's name on the buyer's line should be sufficient.Good luck!

Do you have the case online? 

Then once you spend the money for that.. then the contractor will simply file a UNJUST Enrichment claim so your back to square one.. 

I try to pay off all loans as fast as possible because I feel like money wasted on interest is overlooked sometimes as people only focus on the amount of money coming in rather than the amount saved.As of today, I'm just focusing on establishing the best systems to analyze the markets, find properties, get financing, make wise renovations, and manage my rental properties.

I partnered with a friend on this deal, he put up $20k and his contractor knowledge and I the rest of the money to complete the work.

You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!

By using the BRRRR strategy, you only need to put down money once.

Are you really going to argue that none of the millions of investors who own them have made any money?