However, that doesn't mean that I think it's okay for this bank to continue to cost people undue amounts of due diligence money indefinitely. 

We really want this property, should we pay the expense and continue with the deal?

Can any lenders out there educate me on whether there is such a thing as 5% down, low credit score (low 600's) jumbo loans?  

If you are looking to begin as a wholesaler, I would suggest you educate yourself as much as you can on the process and what's involved.

As a newer investor, you can take the proceeds of your NOI to reinvest, and continue to grow your operations.But.....If this was the only method there would be no successful RE investors in Los Angeles, San Francisco and New York; which obviously isn't true.

Continue to educate yourself, stay committed, network2.

Barton, hope you find what you're looking for - education and deals!

I know that real estate can leave a bad taste in your mouth if it bites you the wrong way but here's to hoping that you find the education you need to move forward confidently! 

This appears to be a classic case of an agent not educating a buyer on what a short sale entails.

I'm used to having home inspector come in before signing contract so that I can continue to negotiate the terms of the contact.