And when you add in a wholesaler to the mix, you probably have an extra level of risk because now you're including another potential complication by adding in a middleman - essentially someone who is in between you (the buyer) and the other party to the transaction (the seller).However, with all that being said, there are ways (in my opinion) to limit your risk in these transactions:1)  Always thoroughly review the purchase contract that is being assigned to you. 

If you're planning on refinancing out of a short-term loan this is important.In general for rentals I'll delay unnecessary expenses as long as it doesn't prevent me from getting target rents & appraisal value and more damage won't be caused by the delay.

However, the flipper miscalculated rehab costs, and they claimed that things got complicated due to Covid-19 as they couldn't close buyers' escrows for a while. 

Covid complicates the closing process and I underestimated the impact on current tenants while a property is being sold.

Covid complicates the closing process and I underestimated the impact on current tenants while a property is being sold.

Since it would have delayed/complicated things, only he is on the LLC which has the deed.

Since it would have delayed/complicated things, only he is on the LLC which has the deed.

I’ve found we have been able to write off much of our tax liability on sold properties through depreciation on other properties in our portfolio, so I didn’t even need the benefit (Or complications) of the 1031.Make sure you understand all the intricacies of 1031’s as well... for instance, the funds you receive on your sales can’t touch any of your accounts... they have to go directly to a fiduciary to qualify into the 1031.  

Real Estate isn't complicated, but does require hard work. 

We as men we need to provide Emotional support and we tent to focus so much on financial that we often miss the mark because is actually easier to just provide and then forget about the complications of a relationship.