Whereas if you and the other investors held ownership as TICs (Tenants in common) then you could sell your portion and do a 1031 of your portion while others did something else. 

.: Joe, HML have a balloon that would be due at the end of the loan's term, commonly 12 or 24 months.

Budget overruns and unexpected delays seem to be a common theme in flips, so padding the budget by 20% makes a lot of sense.

We all have a common reason for being in the room or on the online call. 

It is common for investors to bring in additional signers, often referred to as credit enhancement.

Being above four units, fairly common for the accepted offer needed before showings.

As a result, price gouging has become a common issue.

@Grant Shipman, I will say, I have not explicitly seen anyone violate these rules (that I know of), but more commonly there are a lot of people who have comfort operating at the margins.I.e. compliance officers/attorneys that stop at the letter of the law may say: "investment manager X, you can advertise your company all you want.  

If so you need to fall into the guidelines (for the investor whos funding it) regarding non arms length transactions.The most common scenarios they typically prohibit are:- Gifts of Equity- Bailouts- Leaseback OptionsAt the end of the day it needs to be a legitimate transaction, with legitimate funds coming into close.

- You can cold call, work with a deal finder like a Realtor or wholesaler, or network with people who already own properties.