Then again, if you do flip there, all those other flippers are your competition.

Competition and cut throat nature?

The property is pretty much turnkey and I wasn't planning on doing a lot of renovations, but do plan to maintain it so that its competitive with other homes in the area.

You should search anywhere and everywhere to find an experienced loan officer that can provide you ample knowledge and a competitive rate.

Unfortunately, there is much competition doing that.  

I always told new agents comign to work for me you need to save up 1 years of livings expenses... it will take you that long to get your income coming in a consistent way.. or you need to keep your job and do this part time until you grow into it.those that quite thinking instant success in what is a VERY VERY tough business usually went broke and were out of the game in a matter of months.Think about it like your starting any other kind of small business.. you need capital in the bank you need capital to run the business and you need capital to live on while you are priming the pump.You also need exceptional sales skills and should spend money learning how to sell and close.you need to understand this is 24/7 ... if your going to beat your competition to the deals.And remember there are simply WAY more wholesalers and wanna bee wholesalers than there are deals in MOST markets.. 

Is it to competitive/ saturated for the long term strategy?

Obviously the end goal here is to get fixed rate financing at the most competitive rate.  

Our market is megga competitive.  

Better to work together as a team and cover more ground than compete against each other. 50% of a deal is better than having no deal and losing to your competition.