seek financing to fund rehabs vs using all my funds to do so.

I know several people who do this very successfully, but I’ve also never met anyone yet that’s been unsuccessful doing it so I would recommend seeking out those people also.

Hey @Elliot Tan you need to seek legal advice.

But, if you commit fraud, or just go out of your way to violate laws, I can't say I care that you get caught.The lesson for me, was to understand the penalties for getting caught, and owning up to it when caught.

Hey BiggerPockets! My name is Pat and I am currently a Junior at BYU studying Finance. I currently have an internship for the summer at a local firm converting properties into multifamily apartments on a large scale, ...

I will share ours so you can use it as a starting point for what you are seeking.

But what we really seek is any advice, guidance, and wisdom we might need as we begin this adventure.Thanks in advance.

I have one CPA telling me it does not and the donor must pay the gift tax on any amount over $15K annual and countless blog and other online info saying that any amount over $15K goes toward the lifetime gift tax exclusion ( currently over $11 million and soon to be reduced to $3 million) The parent IS NOT interested in a 1031 exchange BTW....and I will be seeking the advise of a RE Attorney...I just want to understand why it is so unclear.Appreciate any information. 

Try to network with people in your local area and seek assistance that way.

It depends on your portfolio's characteristics (and your credit score, liquidity) but the typical range is about 4.75% - 5.5% for a 30 yr fixed, with a 5 year prepayment penalty (if prepayment penalties are allowed in your state -- some states, like OH, MI, PA have restrictions on prepayment penalty terms & fees).