There was a condo in Scituate harbor that had been on the market 856 days at another agency.With 30% commercial, I knew it wouldn't go FHA/VA/Conventional, so I approached a community bank down the street and got them to proactively look at the property and agree to a portfolio loan.I'd recommend that same approach. 

Is it the interpretation of the law as brokering a deal ( which I agree should only be done by a legal and licensed entity and understandably varies by location), is it the approach that wholesalers may take interpreted as predatory or is it something else?  

Thinking as an investor, taking a more conservative approach with clients and spending a lot of hours finding evidence of owners who are making consistent profits.

How would you approach this with the lender?

It is even brought up in our licensing classes here.

You brought up some legitimate downsides to crowdfunding (it takes time to vet the deals, and that there is in the marketplace online that has experienced a full real estate cycle and a downturn yet).

A couple real estate agents have been brought in and estimated a sell price of 600k.

That's how i would approach it.  

Based on todays interest rates for every dollar of dead equity in a property you are losing 5% annually.Dead equity is the most ultra conservative approach to real estate investing and reduces your ROI to below the most conservative returnes.

I should be able to get it down to 10% of rents collected with a professional management company; however, I'm assuming since this is my first property there will be some headaches with coaching them how I'd like to approach ongoing communications, repairs, etc.