It is possibly a bank overlay that you are running into where the bank will not allow this type of loan to close like this. 

The first was for a 10% down payment, 20% seller financing and 70% bank financing with decent terms and a 60 month balloon on the seller financing portion.

I'm looking for recommendations for a good local real estate attorney, a CPA, and/or a local bank that is good to work with on real estate.

If the flip comps are soft, don’t bank on resale; instead, lock a clear buy box and scope, then raise private money or use hard money for purchase plus rehab with a refinance takeout once it’s rented and stabilized.

Great question — I’ve found that private and hard money have been the most reliable lately, especially with how cautious banks have become.

a partner of mine brought the money on a conventional rehab loan from his bank.

I just finished an online course on multifamily real estate through Michael Banks Investing.

Availability of fractional banking and long lending terms causes prices to skyrocket.

The bank I typically use for flips will do me a rental loan for 15% down of purchase price and then add into the loan the additional reno expenses as I need them so I am not out of pocket any further. 

Some investors wait months for bank approvals, while others line up funding in a week or less.