Exhibit 10.3
ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENT
For good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, STEADFAST ASSET HOLDINGS, INC., a California corporation
("Assignor"), hereby assigns to SIR ESTANCIA, LLC, a Delaware limited liability
company ("Assignee"), all of Assignor's rights and obligations under and in
regard to that certain Purchase and Sale Agreement dated February 15,2012 (as
may be amended, the "Purchase Agreement"), between Estancia Tulsa, LLC, a
Delaware limited liability company ("Seller") and Assignor for the purchase and
sale of that certain real property located in Tulsa, Oklahoma, as more
particularly described in Exhibit A attached hereto (the "Property").
Assignee hereby agrees to and shall assume, perform and be fully responsible for
the performance of all of the obligations of Assignor under the Purchase
Agreement.
All of the provisions, covenants and agreements contained in the Assignment
shall extend to and be binding upon the respective legal representatives,
successors and assigns of Assignor and Assignee. This Assignment represents the
entire agreement between Assignor and Assignee with respect to the subject
matter of the Assignment, and all prior or contemporaneous agreements regarding
such matters are hereby rendered null and void and of no force and effect.
(SIGNATURES APPEARS ON FOLLOWING PAGE)

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WITNESS THE EXECUTION HEREOF, as of this June 29, 2012.
ASSIGNOR:
STEADFAST ASSET HOLDINGS, INC.,
a California corporation
By:
/s/ Ana Marie del Rio
 
Ana Marie del Rio
 
Vice President

ASSIGNEE:
SIR ESTANCIA, LLC
an Delaware limited liability company
By:     Steadfast Income Advisor, LLC,
a Delaware limited liability company,
its Manager
            
By:
/s/ Kevin J. Keating
 
Kevin J. Keating
 
Chief Accounting Officer

    

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Exhibit A

DESCRIPTION OF THE PROPERTY
Lot 1 in Block 1 of Estancia, a subdivision in the City of Tulsa, Tulsa County,
Oklahoma, according to the recorded Plat No. 5938.