One of my favorite but not well known REAL ESTATE INVESTING creative financing strategies is "joint venture with the seller on a minor rehab"Most wholesaling deals are really needing a lot of work and they're totally neglectedIf you have an ARV of hundred thousand and it needs 70,000 work to get to the hundred, you're not going to pay more than 5,000 to 10,000 for itWhat if you need a minor rehab that needs updating only, like paint,  carpet, new kitchen?

You may find later on that assigning contracts as a business venture can be different in the eyes of regulators and others involved in RE than an individual who just assigned a sales contract.

I will send them a copy of a $100 BILL and say "There's more of that where it came from..." and then offer to buy their house instead of them losing their home to tax foreclosure. 

A good team will help you with any legal questions and reduce the risk of losing money.

I would be afraid that if something happened and the deal can't or won't close then you lose the repair money.  

It can get very overwhelming at times and if you aren't completely focused and devoted, you can lose hope of ever getting done.I also agree that you should never use hard money in this situation.

Is this a new venture?

Does that mean they'll be on the hook for the bill or it's attached to the home anyways so if that bill goes unpaid, the home is at risk of losing power if not paid?

Maybe find someone who has done historical properties and do a joint venture just to get familiar with all that you will encounter so the next time you will feel more comfortable with what you get yourself into. 

We don't want to lose this deal due to a lousy listing agent!