I am not an attorney and this is not legal advice (which I encourage you to seek), but the way it's written, the Assignment of Contract is clearly "null and void and of no effect". 

However, the conventional renovation loans are so complicated that I would highly encourage you to use hard money over the conventional loan if possible. 

It’s great to have ALL the information you need indexed and searchable across every single platform you have.”

While you can be proud of your investments and your business, you do not need to encourage the rolling in the dough meme with your family and friends.  

I would encourage you to gather some recommendations for a commercial broker in your area.  

Agents in other states need to copy this one statute below (475.43) and encourage their respective agencies to adopt similar language.

Immediately usable, fresh, and ready for consumption, but more expensive than if you made it at home.Because I could find enough deals around me that fit my criteria (50% rule), I never really considered the option, but I have been intrigued particularly for out of state purchases.It still seems a little daunting, but your questions have beat the bushes and delivered some really intelligent, encouraging responses. 

I would encourage folks to make connections with other investors here and with your local REIAs and MeetUps.

AirBNB is a much friendlier platform and great for short term rentals.

We always encourage our students to worry about the fundamentals (e.g. finding good deals, accurate cashflow projection, finding good tenants, etc.) now, and later on you can get fancy with asset protection and whatnot if you want.