If you're going to swing for the fences and try for anything above 20-25%, you're going to have to make a strong case that you'll be putting more money in their pocket as opposed to a manager who charges less.

I am looking to a flip this year as opposed to buying and holding.

(If the concessions actually exceed your costs as opposed to the concessions exceed this lender’s limits.)

If you and the property qualify for traditional financing, you'll always be able to get a better deal as opposed to private money.

Anyone operating in an ethical manner should not be opposed to licensing, and should really support it.So what exactly is the argument against licensing?

So my tenants  told me they have been emptying the washing machine into the sump pump past 6 months (As opposed to in the shower. )several circuit breakers stopped working and the electrician just told me It’s because  because the sump pump circuit breaker shorted. 

A secondary issue is related to the unknown heirs - no guardian ad litem was appointed (though I'm not sure how commonly that's required in Maryland as opposed to Florida for example), and no professional  heir search service was utilized. 

Most of the tenants choose to move-out given these two options, but at least the decision is theirs as opposed to them not having an option.

That alone would make me tell them to pound sand. for this exact scenario is why folks really should do business with licensed agents as opposed to unlicensed wholesalers if this was an un licensed  wholesaler scenario my response would be good luck you have little chance of getting any thing out of them..

Plus with HELOC's you can only pull what you actually need and pay it down/pull the cash out as you need it.Dan - I agree with others about exploring a HELOC first to pull out some equity as opposed to refinancing.