9) adding multiple ADUs or adding an ADU to a quad looses F/F conventional financing.  

And were so Tapped financially  we had no choice but to put it on a back burner, move into my inlaws basement, and loose our stability, security, and stash.

Some still are careful to leave meat on the bone, but a lot are getting really greedy and play loose with their statements regarding ARV and Estimated Rehab Budgets.

For most they just loose the profit potential, it's the LP's who are generally holding all the $ risk.     

Be advised, military personnel are not bound to lease agreements if they get orders to PCS to another base (permanent change of station) or deploy. 

New Jersey as another example has very loose usury laws and several states usury laws are very vague leaving some to interpretation which can also get you in trouble.

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

So Dave's great theory should be called The Affiliate-IRS Method because it assures you loose the most capital possible to taxation, capital that via a mortgage is less and put's more capital in your hands to utilize and deploy. - Half of REI is about appreciation over time.

Most flippers loose money on their first few flips til they learn what they are doing.Buy and hold is a much more forgiving strategy.

I partially jumped in to just keep busy until i figured things out, partially to scratch that itch of REI as maybe I'd get a step closer to doing, either way nothing to loose.