As fund manager you owe your investors a fiduciary responsibility which I can foresee as a basis for lawsuits should the fund not perform as anticipated.  

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

What was your extensive research?

What type of loans are you buying, performing, non performing, seller financed?

Based on your post and other comments, it sounds like your rehab is extensive enough that the property isn't habitable.

@Nicholas Dillon If you sell a property and perform a 1031 exchange but do not reinvest all the proceeds, the leftover portion (called "boot") is subject to taxation.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

On higher value we are willing to stretch if need be as there’s more room to cover unknown issues.

Hey y'all, I have approached a point where I have built up more confidence in performing my first house flip in the Charlotte metro region.

How they think a national park is near you is laughable though lolTechnically Tigertail is a park but it would be a far stretch from calling it a national park.