On top of the extension, we had to continuously ask over and over, and over for updates. 

since purchasing the property with a 10% down portfolio loan through a local bank, I have done extensive repair work and renovations.

They switch banks and ask for an extension and add another $2500 deposit as a show of good faith. 

They’re ideal for those building portfolios, as they don’t require extensive personal financial documentation.A key tip is to ensure the property’s cash flow comfortably exceeds the lender’s DSCR requirement (typically 1.25x or higher).

What you want to avoid is a lengthy contract with extension options.

The only thing is, he mentioned that I will have to file an extension because, understandably so, he does not have the time to complete my small business returns by 3/15 (8 days from today).

I wrote about this extensively here and also made reports to the SEC and FBI.

Why is the wholesaler not giving you an extension?

Sometimes they'll have gurus come thru that charge more for a full day class or more extensive training.I've posted before some lists of area meetups...each has a little different twist and following. 

Right now what I am looking at is buying homes that are nearing completion so I can inspect them as they are built, and then buying the finished 3bd 2ba home with unfinished basement and finishing the basement myself to rent it as a 6bd 3ba.