After reading numerous real estate & investing books for three years I finally said enough is enough and took action.

I know there are numerous threads here and I've read many of them.  

Lending institutions have their own operating policies and procedures for loaning their money based on their perception of what is prudent (for them) and what is not. 

Let's face it if your perceptions of both of those places was really high you'd have invested the effort.

As someone who has done numerous flips and held many rentals, there are headaches with both.  

I don't really consider 1.5M a large deal, although putting up 300k is not in the cards for me at this point.My family had rental property when I was growing and I eventually took over six doors, converted them and sold them for 1.2M +I've also worked on 20M new constuction projects even though we didn't get off the ground, I learned a lot there as well.I want to structure deals so I can acquire numerous doors and use my managment skills and sweat equity for now.My brother in-law is a commercial agents who sells 18M+ multi-families all the time.

Numerous deals die because sellers either lie about liens hoping somehow they'll get away with it or they have been misled.

In addition, as an investor I have successfully completed numerous residential subdivisions acting as the owner/developer.

. :)The perception of wrong doing is broard and deep, And, for good reason, IMO.

The problem with the house is it has numerous cracks on the interior of the house.