Again, this may not be you, and I apologize in advance if you are not like the other 98% of newbies here on BP.The hard, honest truth is that I see so many newbies on here (and talk with many of them by phone or email), who really just don't get it.  

To tell you the truth, I at first thought the bank teller pulled a fast one.

Everyone is obsessed with scaling quickly but the truth is half the people saying that are either selling or course or selling real estate lol.

The truth is, nobody really knows what'll happen with rates.

What if:Wholesalers(Most) told the truth and said " I have no ability to actually buy the property"Filing a memorandum- The need for this is so narrow it actually should never be used. 

However, @Christopher Phillips speaks the truth.

Specifically, one who (as you mentioned) is a) an investor themselves, and b) is willing to tell me those hard truths you mentioned before we pull the trigger on a deal.

I too am finding these calculations outrageous...although I am willing to learn if they are simply the truth and my inexperience has led me to believe otherwise.

Many suffer from MYTHOMANIA and cannot tell the truth.

. :-) The honest truth is that the reason I am writing here, asking questions is to shorten the "reading and studying process" and leverage the experience of others.