Plus investing so much and not knowing the result, for me that's gambling your hard earned money.

So, assuming a lender has no overlays and goes by the letter of the law, depositing a cash gift into your account and seasoning it for a full 60 days is not fraudulent and is something that is done on a regular basis for a reason because that's what the rules allow for. 

Gamble or Investment?

Fraudulent behavior, but whatever.

California is a highly cyclical Market and definitely not one I would gamble in.

I was fraudulently led to believe the home was not historic.

But, I know plenty of people who would rather get a set rate of return this time of year vs. gambling with a new president.

Flipping properties is inherently more risky and can often times be closely compared to gambling.

As a general rule , relying on uncertainty of timing, high risk etc , I feel, is more speculating , which is just a fancy word for gambling.  

Does not protect against fraudulent, illegal, or reckless behavior that causes harm.No protection if you pierce the corporate veil.