I am not aware of the specifics of the contract at the moment but I need to help him with this. 

Like any tool, it can make your life a lot easier if used smartly!

Only if it doesn't surpass 5 people living within household and all other clauses within contract are followed (i.e no smoking, etc).8.

As a part of my preparation for the purchase of my first investment property (shooting for next 9-18 months) I still have a lot of work left to do as far as research on the legal side of things, landlord/tenant contracts, owner financing options, etc. etc. 

I am also planning on using smart move.

Consider a 203K if the seller will accept the contract. 

So I’m hoping with the power of real estate and smart investing I’m able to achieve my goal within the next 10 years.

If there is time to make your offer you might have the title searched to make sure there are no other liens that need to be taken care of.Unless you feel that owner will not be angry if he finds out that you are assigning the contract for profit, you might want to budget for 2 closings if you feel the possibility of him being angry about you making money. 

For wholesalers the competition is fierce and so many players are fighting over leads that it is very hard (lots of marketing $$$$) to get houses under contract at this time. 

Do you think I should get an agent to do this or a simple purchase agreement contract will do (I will have my attorney look at it).