Lending has tightened up which makes wholesaling a bit difficult and is another reason I prefer to buy and list properties.   

Also consider that banks will be tightening up their lending criteria.

Right now lenders seem to be tightening up a bit till we get thorough this.

I think that as prices go up in the Springs and the supply keeps being strained that will be the case.

Could be related to covid, they have increased lending standards and they are probably bundling your loan with a bunch of others that were originated after they tightened up standards and the investor wants all the data for all the loans in the bundle.

WF doesn't have the cheapest/best investment loans.Also, note with the  COVID stuff, lenders are starting to tighten qualifications for loans.

So, depending on your tax bracket you're looking at ~$29-40k+ owed in taxes, using your numbers above.It is possible that lenders tighten up the use of gifts of equity.

The biggest impact we're seeing on value is the bottleneck in the buyer pool being created by bank tightening. 

@Kris MeadThings have definitely tightened up.  

Banks are tightening up on their standards for approval.