If the lawyer is involved in negotiations or other aspects of the transaction, it's usually better for each party to bring their own lawyer because of the potential for conflicts of interest.

@Shaun Weekes: I understand that's the guideance re. a delayed financing refi, but that seems to be in conflict with what @Upen Patel is saying re. no wait period for rate-term. 

You'll not only be able to interact with other investors, but you can ask questions from the local Austin BP investors that attend and gain valuable contacts for networking here in Austin.There are also other REIA meetings held here in town, if our second Wednesday 10 AM conflicts with your schedule.

Unfortunately, there might be a conflict with the location that we have been meeting.  

He also works in the same office as my agent, is there any conflict of interest with having them work together?

There's been a lot of conflicting information flying around throughout this whole process. 

For the owner, not sure why he would want that as he wants to get his $ and no guarantee note would sell (and definitely would sell for less than balloon price).Also if you were going to attempt to broker and sell the note for a fee as the borrower that would appear to be a conflict of interest

Would we see a conflict from the under writers perspective is we chose this product over FHA when it came time to buy our 2nd property?

The investor has personal issues (divorce, retirement), tenant issues (non-payment, conflict/drama), or sees better opportunities elsewhere and needs the capital to pursue those opportunities.    

We are getting conflicting thoughts from friends who invest in real estate.