I'm looking at this property at commerce city, colorado. 

Jim,I am a local investor in the Kansas City market.

Maybe a little easier than fighting city hall, but not by much. 10-4 on your comment about taxes.

Assigning a Contract to a new buyer can be one of the easiest ways to make a quick profit on a house that you can get below value and flip to an end buyer.But.... the biggest problem with this is that everyone could end up seeing your profit at the closing table.

But.... the biggest problem with this is that everyone could end up seeing your profit at the closing table. 

THANK YOU @Manolo D.The building is not in austin, IN FCAT it will  be in one of those rural area, very small town. however the city is working pretty well with the builders here. for example the new building construction near austin would  take 12months -14months and here would take max with weather condition delay 8 month ( but usually 6month). 

I initially started researching on Bigger Pockets to find discussions on strategies to weather the storm in a declining market because that’s the biggest fear for us to get started.Thank you for all the information so far and I look forward to being an active member on the forum.

How close are you to major cities in Mass?

Right now I'd say the biggest risk is in execution, i.e. will the sponsor deliver the rehab and sale/refi in the time they say they will.  

This will likely be discussed at the next City Council meeting on 6 September 2016.