I would also like to note that, from experience over about 50 deals in the last year and a half, that every institutional commercial lender I've worked with does in fact look at the buyer's cash flow, assets, and liabilities... not "just the property" as many seem to rumor. 

If the real estate accountant discovers that your current CPA did not do a good job - switch.

If the flat fee isn't possible, you may be able to institute RUBS or use one of the newer electronic systems for sub-metering.

Jim:You've discovered one of the challenges of flipping and one of the reasons I have a hard time watching the flipping shows on TV. 

The commercial listing broker representing the developer, institution seller,etc. remembers the (deal that didn't HAPPEN) where legal expenses, time, and effort was wasted on a failed attempt at a sale.

When many people hear someone has a college degree or an advanced degree, even more so from certain institutions, they automatically instill in them a lot of preconceived qualities that may or may not be justified.   

But no statement applies to everybody.Not sure how the concept of educating yourself outside of or in addition to a formal institution constitutes "vague go-go inspirational sayings".

As for the banking, while 3/8% is higher than you found, it’s not so much that it looks like a rip off, they just feel the risk is a bit higher on that deal than another institution.  

We were following Morris Invest and were about to pull the trigger on his TK offerings when we discovered a video by BP member(@Marko Zlatic) discussing the house of cards with Clayton and his business.

With institutional Fannie-type lending, you can't use unsecured borrowed funds for the down payment.