You can claim to be the best guy in the world at finding and analyzing deals, but when the market turns against you, and you just went all-in, even on the best relative opportunities that market had available at the time, there is nothing you can do to prevent losses, especially if your debt has a maturity date that will force your hand.Timing the market is an interesting concept. 

This book introduced me to financial concepts and made me look at money and investing in a completely different way.

Good concept but so much red tape it does keep us little guys out unless the qualified developers are willing to bring us into their deals.

It's not a smoke & mirrors concept.

My remodel business does amazing with this concept. 

What other concepts could be added to list of options? 

Not sure how one would make money on this. they are following the buy high sell low concept of investing. !!

I understand the concept insofar as if I'd purchased the property, the basis would be what I'd paid it.

Short answer: not legally, but they can get away with it.Long answer starts with a fundamental concept of our tax laws.

I've had a long career in community development and have a lot of bank contacts that would likely be interested in investing, but I'd need to prove the concept first with an initial fund (there are also a lot of other community development tools that could be leveraged to maximize and scale this).