It is very hard for the average person to understand and keep track of the nuances of lending since guidelines, rates, leverage, change very often. 

Our “moral code” is different than yours because yours has a strict guideline dictated by law.I’m pretty sure I said “be honest” in the beginning so not sure how you got “screw people over” out of that.And No, wholesalers don’t need any EMD in most cases.

If you DM me the address I can review it to see if it meets the rural guidelines for no LTV hit. 

Here are some examples of those methods below: Rely on the county tax assessor’s allocation: A taxpayer can review their county tax assessor’s property allocation, which usually provides an assessment of land and improvements based on the county’s guidelines.

This waiting period helps ensure that the loan meets their guidelines and reduces risk for the lender.

The fact that this sponsor used investor money to gamble on high yield unsecured notes leaves a bad taste in my mouth.  

For example, if an investor wants to rehab a house and net at least $18,000 after accounting for factors such as holding costs, closing costs, and real estate agent commissions, other models are a viable alternative to the 70% “rule.”Is the 70% Rule a Good Guideline?

If your lender is only working with a "list of qualified contractors" thats against the 203k guidelines and a huge red flag. 

Here is the link to the HUD booklet for the fair housing guidelines.

You are experiencing what pretty much every flipper is experiencing. and let me start with that the 70% rule is only a guideline, and in a market like Denver, it will rarely happen.