It isn't like this a condominium where assessments are paying for common parts of the building like the roof, etc.Prior to this, I didn't have much experience serving on an HOA board and have therefore relied on the management company for their opinion on certain decisions. 

And with much more in commonality with starting and running say a restaurant. 

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

@Jason Sung Yes, this is common.

Hard money is pretty common.

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

Quote from @Brandon Croucier: What kind of refinance are you doing? 

If you do not have something kind or helpful to say please refrain from saying anything at all. 

Your question is a very common question, and I can appreciate your concern here.

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.