They are speaking from a place of fear.

Fear combined with antidotal examples are all we ever hear.If on the other hand you are a large corporate landlord you follow the rules to the letter and still fear repercussions.

My only fear is that I'm just starting out and may do like 2 deals this year.

I fear they may be able to hear me and my families doings.

Don't be paralyzed by fear or not knowing exactly what the right next step is...You will only figure it out by going through the motions. 

Hello all,I am a 25 year old from New England who always had a passion for fixing up real estate.I went to a trade school and my father owns a construction company.A few years ago i was involved in a bad accident.To make a long story short i will be accepting a check for $250k in the coming weeks.I would love to get a loan for a rental property and can put a down payment down of 20%.My problem is i cant work in my old field and therefore am not working at this moment.My credit is around 600 right now but i have a few credit cards that are maxed out but in good standing.I plan to pay those  off and expect my credit to rise to over a 640( i lived on those for the past fear years because i was injured)My question-Anyway i cant get approved for a 200k and under mortage with that kinda cash in the bank and credit score?

My fear is what if banks continue to tighten up and they all say no and I'm left with a balloon payment I can't make?

As a new investor there is so much for me to think about, finding the right property, financing, and, above all, overcoming my fear so I can take that initial step forward.  

I plan to do my first flip soon and have been for a while letting fear of the unknown get in the way.

It reminds me of Warren Buffets quote "Be Fearful When Others Are Greedy and Greedy When Others Are Fearful".