It's like a residential broker that is a friend of mine that has been doing loans for almost 20 years says " On the residential investor 50,000 loans the deal is so small I will only make about 250 bucks on it" so he only does those deals when nothing else is happening.

The reason wholesale deals, just obtaining a contract and assigning to another real buyer is so popular is that there is a very low cost of entry.

That is so unfair.

Thank you, it does seem like that.I'm wondering why it is so bad to buy into that, if the price is right and there is no shortage of people who don't need financing.

The rent/buy ratio is so absurdly skewed, that just some minor mean reversion will generate significant capital appreciation.

It's just the interest that we're paying that gets under my skin, knowing that money is so much cheaper these days, but harder to qualify for, especially since it isn't an owner-occupied place any longer.

However, this deal is so good I couldn't say no to myself, and if everything works as my research suggests, I will get all of my investment back in 8 to 9 months.

Anyway, the limitations of this refi strategy is exactly why flipping is so popular.

I've never been involved in a situation like this before, and am unsure why the lender is so unresponsive at this point.

That is so true about the financially aligned!!