I know this set up is not always common in all states, but I've seen this quite a bit here in CO. 

@Al SalousIts common to may a LLC for each flip. 

We've read all the BiggerPockets books and were frustrated to find that this clause, which is commonly found in every loan, was not covered anywhere.Thank you all in advance for your help.

It is SOOOOO common for out of state members to toss in the population decline (net migration).

And at this point I’m Thinking I just got scammed after checking this board about the fake reviews.

I’m open to suggestions though if this is common I would like to know.

All those dopamine hits with the like button on social media :) It's a common theme where people want the get rich quick theme, but then again this has been the case through the history of mankind.I would like to emphasize however, real estate is probably one of the more protected assets for investing capital in my opinion.

It’s a pretty common path that I’ve seen tons of people have success with.

The common alternative, assuming the price will appraise, is to offer a higher price and have the seller cover part of your closing costs.

as mentioned above there should be boiler plate mandatory mediation for these circumstances.. but as long as U dont sign the release the money just sits in title company account.. after some time with no resolution  ( At least in OR and WA which usually is very close to CA) money is then interpleaded to the courts for disposition then you both lawyer up.. these rarely go that far as lawyer fee's exceed the amount your arguing about.but splitting the baby in some manner is for sure a very common outcome if you dont want the drama.