Just sounds like the branch president is doing a CYA.They want to show they didn't let you run wild so if something imploded later they wouldn't be seen as grossly negligent.Employees and board of directors at banks worry about their jobs and facing criminal charges if a bank goes belly up down the road.The bank is demonstrating prudence.  

Other species of animals, whether wild or domestic, trained or untrained, are not considered service animals either.

Doesn't mean that commercial lending is the Wild West.A private lender may make a commercial loan, not a problem, so long as it is compliant.I'm doing one at 10% interest, amortized for 30, balloons in one year one a purchase rehab.

The guys (sorry ladies not come across any Jill of all trades ladies) I talk to won't bother with a small job.

As for the all cash lady, that's probably all she has and that's why she is low-balling you - something to consider.Good Luck!

(just a wild guess at this point) If I offer $85,000. the cost of the house after reno would be $115,000.  

The answer was yes except for one time the old lady said well how about you get twice what you were expecting and I get the difference?

@Nick Stango  I bet unless there is an agent involved most wholesalers don't even know the laws much less care.. and of course they are just selling a contract so they are not the seller but it they come into title that's another issue.. but like I said law does not necessarily follow along with the entire wholesaling segment its a little bit of wild west really.

You will be wildly successful, I have no doubt!!

Thanks in advance ladies and gents.