In the much more common exemption from registration, was it an intrastate exemption, a Reg D filing, or did the offering rely on the general exemption for private placements?  

Potential Challenges: Given my tight schedule, what are the common pitfalls or hurdles that could arise in managing a BRRRR process or any other investment strategy in the local area?

@James McGovernA common issue with cash for keys is the landlord is suggesting a price to the tenant.

You see a picture, you have some things in common, you link up and hope it works.

  #1, the likelihood of being in a lawsuit scenario is very small. 

@John Teachout I've seen "adult family home" be used in a lot of different contexts but the most common is for senior citizens. 

No, after doing many flips I know what my guys charge, so I have a rough estimate of worst case scenario and work up from there. 

This will allow you to shop for properties more easily, and will also make it easier to run different scenarios for different properties that you view.The best way to prepare is to have your income for the last two years and YTD available, know how much you have available to spend, and write down any questions you want to ask.  

In the majority of fraud or Ponzi Scheme cases the common theme seems to be that the money is mostly gone, and whatever is left runs out before a large portion of the victims are made whole.

Seems like maybe a less common scenario, but can't be the first time someone has done this.