So have your proof of funds/pre-approval ready.  

I'm hunting down pre-foreclosures to flip (my backyard is in the $250k-$450k+ range), and then putting that cash in a neighborhood in southern CO with lower property values that cash flow.

I was told that since it is a pre-1943 property, sprinklers would just have to be added to the hallways.Has anyone been through this process? 

Hi Benjamin,Have you talked to a lender about getting pre qualified or getting a VA loan?

Not only that, the borrower got a pre-approved term sheet for $750,000 from a lender to refinance the property!!!

There is likely a phone number and persons name that will come up, that you can reference, since he is having bills that arrive to the mailbox and packages to the door with his name on them.You could make it a pre-condition to the seller that he allow a background check on the tenant before closing and your offer is contingent on your approval.Neighbors typically know what's going on in the neighborhood and will know who the guy is and if he is a trouble maker.He probably has a car and a private detective can run the plates.And so on.The information is readily available is the knowledge is worth knowing.

Our first lead was very interested and eager to book but our dates did not align with pre-booked guests form Airbnb at that time as there was a bit of overlap from ending our STR and transitioning to MTR.

Follow a structured plan to get pre-approved, work with a real estate agent, and evaluate properties.Good luck!

.- https://www.realtor.com/realestateandhomes-detail/Riverbend-...The areas where the tool "looks" were pre-screened.

The name of the lender is usually shown on the pre-approval letter.