If you've paid your debt to society, shouldn't you be allowed to become a productive member of it?

There's only some much time to devote to this stuff and when your schedule simply has no room left you have to carve out the ones that appear the least lucrative or productive. 

Variables that impact production (lighting, co2, pests) are more easily controlled in an indoor environment.

I'm asking why would a bank give a construction loan to someone that can't afford the final product?

But once you start doing a number of deals and can build some trust with a lender you will have more negotiating power.Bear in mind that my model was more a a "landlord product" where I took out a HML for 90 days and then quickly refinanced into a conventional loan after the rehab. 

Buyers are onto the market now so the sellers are going to get sophisticated. 

The website is very sophisticated and it provides a lot of information regarding mortgage rates, MBS cost etc.

Does it depend on the loan product? 

Bottom line its basically sophisticated investors totally screwing unsophisticated buyers.. at least the majority.. this is why the DOJ's or AG's will step in its about consumer protectionAnd has zero to do with the brokerage community as Vince stated :)  I bet a bunch of the offenders are local brokers.

And when you look to invest next a specialized lending product like a DSCR based loan might work well for you.