There's actually a minor cottage industry surrounding conspiracy theories around if they intentionally make up last minute BS conditions just to delay closings and collect on rate lock extension fees at the 11th hour to stay in the green, but if you are super A++++ and perfect then that will not be applicable to you since they won't have any "excuses."

I think they refer to it as such since I didn't use any trick such as BRRRR or private lending to get started.

Would i be better off utilizing another approach, such as being a private lender??

Hi,Yes we do and if you're looking for a way to set up a call just private message me.

City or private? 

I got approved for 50k loan by a private lender who has his own lending company.

Hi BiggerPockets.com Community,I'm about to start my 3rd SPEC home, so far I have used savings, 401k loan, CC's (BT's), unsecured PLOC and lot loans to finance my own deals. One of my friends is interested on financin...

The one private sale SF I doubled my money on with a mere drive by appraisal 2 weeks after closing and no work done.

Use a private lender to purchase property and use the funds for rehab.  

This defeats the purpose of doing the deal sub 2.If your numbers make sense (I don't see enough to understand your deal properly), you should find the $55k from a private lender (fellow investor) or get a line of credit yourself.