Get pre-approved and have them send you the letter so that when you submit offers you can submit the pre-approval as well.5.

@Becky SwensonThe short answer is yes.long answer is the lease or leases can be a little tricky post closing so it’s good idea to be transparent about your strategy with whoever you end up working with, and as soon as you can before closing take a good read of the documents.

Yes, 1031 exchange went through qualified intermediary, so i am good with the exchange documentation

If you do exchange messages with the tenant there may also be other documentation to back this up for example a message from your tenant saying something like "Since I'm the only tenant its a little harder now, but I will have the rest of the rent on Friday".

If its a competitive situation and you wanted to submit an offer with a sub 20% chance of winning I would submit a verbal offer, I would not waste my time writing up a contract. 

However, you need to really investigate to confirm that the property and tenants are performing as expected.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).

Make sure you have proof of funds or a pre-approval letter ready to submit with the offer. 

OK, lecture over.Don’t do anything that could create unenforceable loan documents.

The lender will ask to review all of your LLC documents so you want to make sure that are complete and ready to go.

All of which are well documented on the forums.