My intent was to honor the few annual contracts; however, the sellers executed an annual contract a couple days before closing, which is the main contract in question.  

My intent would be to immediately turn around and assign that contract to a cash buyer, but if for whatever reason I can't find an interested assignee am I still obligated to purchase the estate?

I just want the seller to understand my intentions even though it may be evident from the purchase agreement.

I don't have private money or job openings for you however I am currently looking for my first intentional flip project.

Although I have invested out of state, it was mostly due to circumstances rather than intentions.

Intent is not execution.  

I know your intentions are good, but that's a really risky thing to do.I have four financial rules that have helped me tremendously:1) Don't borrow money on anything that doesn't appreciate in value.2) Don't consign a loan with friends or family- except for your spouse.3) Don't do business with friends or family.

And the intent is not to splash $1million in the first month of the fiscal year on acquisitions but rather to distribute the acquisition, rehab and resale of the 10 properties incrementally through out the year.The number of deals per year might start increasing eventually but will require strong management to ensure it does get chaotic.

We plan on adding a few traditional craftsman details to blend in with the neighborhood and keep the look timeless, well, that is the intent.

Regarding the question posed in the original post - I would try to get letters of intent from the members of this group stating that they intend to purchase W-sized house on X-sized lot for Y-amount in Z-general location.