Lmk if it's my misunderstanding. ;)

My misunderstanding is the refinancing aspect, hence it is in quotations. 

You may misunderstand that statement.Going out there and start doing is not a promise of success.

Insurance also doesn’t protect you from misunderstandings, especially those made in writing and email.

Maybe I am misunderstanding your vision though. 

Or did I misunderstand how the process is supposed to work?

I feel like I might be misunderstanding your question, if so, my apologies.

If you came to me with a wholesale deal and you did not have your paperwork in order and you don’t really understand a closing and the costs associated with them and you misunderstand or miscommunicate some of those costs to me….I am going to be very upset (as will any other buyer).

I may be misunderstanding what @Abel Sng but we syndications average around 200-300% over a 5 year period, although we specialize in value add which is riskier but pays better.

It is not your agent misunderstanding how to price it, unless you are talking about 5+, then get a commercial agent.