How to properly assign a contract?

[Mike D.]

I'm a newbie investor from NYC just starting out in the business.
I've spoken to some investors from NYC and they suggested since my funds are limited and my credit is bad that my best options right now would be to assign several contracts to other investors.

How dificult will it be If I'm trying to assign a contract in a state that I don't live in, what are some of the procedures in getting the right paper work in motion. What are some of the pitfalls I should look for before diving in?

All of your input is gladly appreciated.
:superman: