Is it advisable to use these lengthy, more complex contracts?

Which I could link to, but would rather not.Sorry for the lengthy reply.

Let me ask you this since you brought up the point of having a lengthy relationship with your bank.

This is obviously insane, however after a lengthy email outlining my complaints they have agreed to waive the closing costs if we proceed.  

The length is usually 1 year, with a no-point 3 month extension (for the lenders that I broker with).

I appreciate if you can guide me thru this process:1) I've heard/read that it can be a very lengthy process.

This is a lengthy response, but you asked for specifics and you have an existing friendship and are looking for a partnership where you each bring very different strengths to the table...

HERE'S A TIPI know, it's lengthy, but five minutes could save you thousands . . .Working with other wholesalers to buy and/or sell investment properties is a great strategy because it allows each of us to expand our network, which in turn allows us to do more deals.

Having allowed them to pitch it to me at great length (I was one of their "nightmare" attendees), I concluded that it was not suitable for me at the current time.Now, take aim in my direction.

Specifically a loan of $25,000 at 8 percent and the borrower was looking for a 2 year loan which seemed lengthy given we do not want the money tied up that long.