It is never refunded, as it’s usually a pass through tax paid by the guest (at least in my areas).

The projects are quite big as well, usually more than 20 containers total.

Those are best case scenario with expenses usually greatly reduced. 

  ( ok  this is a usual one but they usually decide before they put money out. )Applicant 4  Single mom (best one yet),  Mom discovered she had another kid. really! 

The flip is often located somewhere between six hundred and two thousand miles away from where they live, and they have more faith in their cell phone's power to set things right from afar than a revival preacher has in Jesus.They beat their chest for two days with self-congratulatory posts boasting about how their flip's certain to be a triumph of the will, usually because of their prior life experience, upbringing, or general mastery of the art of manliness. 

People "lose everything", when the market crashes - usually - do to financing. 

Usually, if you go with that loan type it means it's a better fit than a Fannei/Freddie loan. 

Third, i doubt you be able to get it for 800K when the asking is 1.3M ,usually for this type of deal, developer come in, buy a few blocks, bolldoze everything and build an apartment building from scratch. 

If something with good margins gets sent out it's usually under contract in no time. 

Most of these deals end up with at least one and usually both parties unsatisfied.