My character's gear resets and I spawn as a new character about 30% of the time. It makes progress... practically impossible. I joined in 3 different times today, and once with a reset character. I also once had my screen go black and it said I was dead mid run with my buddy next to me, no gunshots, nothing around, just running through a field and sudden black with death message.
I joined in at least 3 or 4 times yesterday, and was reset once.
The day before that I joined in and had reset loot. I basically can't play the game! Every time I get some loot the game resets me.