Is this a wholesale deal?

[Timothy Reed]

We are buying a property off of my niece that she just inherited. She has agreed on a price is allowing us to rehab and sell it to someone else form a profit. At that time she will take her agreed upon amount and we walk with the rest.  

We are confused on the paperwork. Do we need to have a purchase agreement with an assignment clause or any nodes how to handle this.  We are in Pennsylvania if that is relevant

[James Hamling]

@Timothy Reed the question shouldn't be do you trust your niece, question is do you like her? Do you want to keep that good relationship? Because the #1 best way to destroy a good relationship is via business deals that are not thoroughly detailed and drawn out, legally, with every contingency mapped. 

Ask any of us who have experience in estate deals, nothing turns loving siblings/family into a murderous rage like family deals not well defined. 

Be smart, get a R.E. Attorney, sit down together with that resource, tell them what you want to do and have them build the fences to help assure greatest success and solve problems before they ever happen.