When they do you're typically talking about non traditional banks, or you're getting into the commercial side of their lending.

I must agree with @Jay Hinrichs, I have never been to Napa, but have heard to many times WW compared to this area. 

Your traditional lender won’t fund them.

Personally when I can make more in profit in doing a flip in 6 months compared to re renting for years I will continue doing flips For me 10 or even 15% c on c is leaving money on the table with so many other ways to make more money

I started my career buying and selling bare land I like it.. especially carrying paper its a easier form of cash flow compared to tenants..

Hell I’ve only been in real estate for a few years and I can go get a multi million dollar construction loan from a traditional bank today for WSJ + 1%, so 4.25% and stabilized loan for around 4%

They seem insane compared to how easily the 3 properties came to us.

Difference is only $2k compared to conventional agents (6%).

I am sure you spent much much more time looking at it compared to the 5 minute analysis I just gave it.

Oaklyn and Audobon are great towns...but I don't know that they'll ever be able to compare to Haddonfield, Haddon Township, and Collingswood without some major structural changes to the layout of the town.