If the average home price is $1M, and you want to get in the business of helping homeowners transact... getting a license seems like a way more obvious path to success than wholesaling. 

It seems like you Are doing that.Good Luck!

The reason seems pretty obvious to me

Yeah, I am same as Nathan.  6% for minimal work is ridiculous, but it seems to vary on sales price where we live too. 

I have no experience in this area ...My first response is $300K seems a lot if all you are getting is 28 days of access.  

The project seems to be more targeted toward the local community and long-term rentals.

But while rate is important, if there's one lender who is dramatically more responsive and seems more knowledgable than the other I'd probably go with them even if their rate is slightly higher for your first deal.

Any time you can get more cash flowing doors on one lot, they happier you'll be :-) It also seemed like the primary unity was only in need of a quick make ready.

I live in the Washington DC area and it seems difficult to find cash flowing properties here.

But to me since I’m going abroad next year to discover it card seems a little better because of 0% foreign transaction fee.