This is what the numbers work out to be on a large percentage of houses in the market right now.  

I'm finishing up a light rehab now; I'm selling a property that didn't work out the way that I thought it would; and I'm trying to qualify an off market lead I've been working for over a year.But with that said - it actually IS a challenging time to invest, with rates and prices high; low inventory; tremendous competition for deals both on and off market; contractors booked up; and more.everything you listed as their objections are VALID. 

Curious what you found out, even if it didn’t work out. 

@Bruce Woodruff I anticipate it will work out to remain about the same.

This indicates a shift from a seller's paradise to a more balanced market.Median Sales Price Holds Steady: The median sold price for residential homes sits at $469,998, reflecting a modest 1.9% year-over-year increase.Fewer Bidding Wars: Though sellers are still receiving close to list price (95.6%), the intense bidding wars of the past seem to be fading.

You suffer from the same fallacy many here do of believing that every open deal is going to work out.

It's people-intensive and blends the amenities of an airbnb  with a boarding room/inn concept.  

If you bank at a retail bank it's likely that you could pull a cashier's check to provide  certified funds.As to the wisdom of using other people's money (that you are solely responsible for) you'd better be comfortable with repayment even if things don't work out as planned.

Just fill out the paperwork and you’ll be surprised how quickly it can work out.

It's a little too intense for me.