Penalties of these Federal charges may include:30 years in prisonUp to $1 million in finesThey have a "statute of limitations" - (with a third "T"  ;-) of 10 years from the date of the transaction - 10 years from now, you could get a very nasty call and hopefully, you put your reserve money in a good account that grew to cover legal expenses**********************************************And the universe could blow up as Doc says in Back to the Future " But, granted, that's the worse case scenario." 

Quote from @Patrick Wood: I am new to real estate investing. 

We are so lost as to what to do with the money.

To buy to invest and hold? 

Investment Info:Single-family residence buy & hold investment.

Another option is a hard money loan to cover both the purchase and rehab, which can then be refinanced with a DSCR loan once the rehab is complete.

My next goal is to invest in a multi family property with a partner.Welcome to BP!

Definitely saved a lot of money.

Investment Info:Single-family residence buy & hold investment.

One good thing about building a 2-4 unit as a primary is you less money down and you can use the other units as income to help build a more expensive home.FHA allows for a higher loan amount as you get into the 2, 3 and 4 unit homes and its still only 3.5% down.