Then refinance with a local bank or CU after the required time. (1-2 years) Sounds you have enough meat on the bone to afford the higher temporary int. rate. 

You give an investor a lead and if they follow up and eventually close on the property you point out, you hope they throw you a bone.  

I think your closing cost will be more like 6 k but either way not much meat on the bone here. 

I am now on my second but looking to keep this one as an investment (really good bones).

There's not enough "meat on the bone" or cash flow to let you scale.

These are houses that have good bones, no major defects but need a cosmetic upgrade as they have the same decor as they did in the 60's when the little old lady who's selling it to you bought it.

Or maybe just a bone to pick with agents as "Questions to self" would indicate.Agents always take the bait and argue with him.

Not enough meat on the bone I'd suggest to look for something with better numbers.

When I was a newbie fix n flipper in Arizona, I didn't once find a deal from a wholesaler that had enough meat on the bone to make it a profitable venture.

If I did pay attention to "per door" prices $100/door doesn't work for me...not enough meat on the bone and not enough room in case something goes wrong.