Here is a new thread about Asset-Based Lenders, inferring you would need to be getting those Assets under Contract for no more than 65% of their deemed actual value, including closing costs, if you want them to honor any Letter of Pre-approval:- https://www.biggerpockets.com/forums/49/topics/252...All the best...

You might look at Upstate CREIA for money sources.I personally think the price is high; I would base my purchase price off the lots paying no more than ~$15,000 p/lot and/or on lot rent only (~$200 x 6# x .70% OpExp / 10 CAP).

My target would be a SFH with a $60k max purchase price that needs no more than $25k rehab with an ARV of $120-$125k.  

If we mortgage (no more than 80%) this house it will have a PITI payment of less than what she pays on her current home, that we will be selling.Is there any option that I haven't considered that anyone can think of that may work to make this happen.  

It is a best and highest offer situation and I will be submitting what works for the deal and no more.  

I intend on offering 75k and paying no more than 85k.

Then got whacked, of course, but no more than I did with what I was doing.As a newbie, you need to be cautious. 

No making things up as we go anymore and no more trying to be all things to all people.

The podcast referenced stated they buy 10% below market and make sure they are no more than 70% LTV when they go in.

No more questions (for today at least) after this !!