This is my very first post and I am very excited to have discovered Bigger Pockets.

Just for example, in Dwolla's case, it took 8 years for their misclaims to be discovered.  

AdamWhen you borrow money from banks to finance real estate, you’ll quickly discover that a group of rental houses and small apartments, properties with more than four units are a whole different kettle of fish than financing the home you live in!

You may not realize it yet, but it won't take you long to discover you have made a very wise choice in joining this website.

If you signed off on the move-out checklist only to later discover the holes were bigger than you first noticed, that is your mistake unfortunately.

If every detail is not agreed to in advance and in writing you will have nothing but disagreement down the road.I would never do it with a group but likely once you start the process most will discover it is a bad idea and drop out.Better to have max two active partners and the rest simply as silent money partners guaranteed a annual return.

There are also the consultants who claim to be hard money lenders, then they offer to walk me through the process, step by step, finding the best deals, and uncovering the latest secrets of real estate investors for only $10k up front.  

There are no secrets!

While software requirements may change throughout a long project cycle as market data is discovered, customer feedback is solicited, the competitive landscape changes, etc., I can't think of many reasons why the requirements for a house flip should ever change mid-flip. 

Simple, no secret.