I'm just wondering if anyone with a Flagstar loan has done this in the past without any issues?

If this is not something you're interested in delving into and learning to a high degree, then investing in publicly traded REITs would be another good option for you, which have historically returned about 13.5 per cent Per year over the past 50 years (1977-present), beating the US stock market by two per cent and even beating private real estate investing by 4 per cent (that's compared with the average real estate investor, not the experts here at Bigger Pockets).

I’ve done a couple of fix-and-flip projects in the past using a hard money lender (HML), which has its pros and cons.I’m currently looking at a couple more properties and trying to decide if I should go with an HML again or explore other financing options.

I don't doubt that guys like me and you will succeed over a long enough time frame due to drive, ability to go do it, and determination, but the timeline shifts drastically due to the momentum killing L's we took early in our career.This is why it's hard to compare yourselves to the real estate winners of the past decade. 

They saw this works, and would like to join me for another project, which is a COPY and PASTE basically.

At first I looked at this as possibly just a failed investment where millions of unaccredited investors lost money (still very bad for everyone involved), but after learning about the involvement of Ronald Fossum that has a convicted history of defrauding investors and the fact that Norada is still raising money from investors, my mind now goes immediately to possible Ponzi Scheme paying past investors current funds being raised.

I will say that I do know people who have worked with Lee in the past and like his educational programs.

While we've certainly goofed with some of our clients in the past, we try to prioritize providing clients with a great experience.

Glad it's working for you I slowed down on RE for about the past year and a half S&P 500 is up 27% YTD, NASDAQ 100 up 32% 

I own 11 properties currently and I have only sold 1 in the past because it was a condo with a fraud HOA company.