And typical commercial loans come with large pre-payment penalties if you pay off the loan before the balloon.  

With the number of documents you'll need to sign and handle for a typical closing, another couple to confirm rent/deposit/etc, seems well worth the effort of everyone involved.If it were me, I would require tenants to complete them prior to closing.

Typically from the moment that we sign the contract with a 15 day option period, about 3-4 weeks I get the wire transfer/50% wholesale fee.

I typically don't get the offer accepted, but some do stick.

We consistently go in 5-7k over asking BUT we do typically build in 6% seller concessions into the contract.

Typically you get these on more institutional, bank loans, as opposed to hard money or private money.

I make up for it by having higher amount of liquidity and alternate income (outside of my paycheck) vs something tied up in a property that is my primary residence....1.2 is a good chunk outside of CA... you'd typically see something around 1-1.5% rents to purchase price and at the price point you'd be able to get a portfolio of multiple properties.  

@Jay Hinrichs How do you typically set up these bird dog monthly payments? 

Bedbugs are typically brought in by individuals.

. — Is it typical for a lender to know or not know which one they use?