@Kevin Ryan if you encounter all those horrific elements and many others tell you they dont, couldn´t it be suggested that it may a flaw in the way you operate your business? 

It's better to uncover the likely BS on the front end than waste a bunch of time getting it under contract.From there, you can usually build a P&L using industry averages and obtaining old bills from the utility providers.  

When we started to uncover these issues we knew refi'ing with this particular bank would not work for our business plan.  

That ensures that you'll get someone with decent experience, can help with negotiations, point out flaws you might not see, and have an intimate knowledge of the local area, etc.

It is a flawed program.  

Any flaws in my post-game recap of the deal? 

So we are pointing out that flaw.

Every system you try will have flaws or you'll salivate over a feature that shows up in other software.

Sometimes the turnkey model is flawed in that the TK buyers end up paying more than anyone else normally will.

From a cursory search of Zillow I uncovered multiple homes on the water in your budget.