Are refinancing qualifications determined the same way as regular financing?

Has anyone been denied a loan (despite amazing qualifications) because of "state high cost" laws?

No loan qualifications, no appraisals, no inspections.

@Sean Price  years back the lenders were more flexible on qualifications if you are refi'ing a house.

I have a contract with a Bank to buy an REO condo in Florida near Boca Raton. It will be a second home, I am paying cash, $100,000. I have bought and sold more than 200 properties in my life, about 60 of those have be...

What you're asking for is called a "forward commitment", not all lenders (banks) do them and if so they are for a total loan amount which can be done as a blanket loan, loan amounts disbursed as the property is acquired subject to property and income qualifications.

They discuss Dodd Frank there.http://www.biggerpockets.com/show70Even if Dodd Frank does require that you qualify the buyer (which it may not if you're doing small, infrequent financing deals, like it sounds you are), if you don't want too much risk, I'd strongly advise that you not through all the qualification guidelines out the window.Good luck - I'd be interested to know what happens with this deal if you can get it done.

Saying someone made 5M bucks in RE is not a qualification nor is it applicable to teaching.

which pre qualifications are set for each one of these strategies?

If the tenants don't quite meet your qualifications, you might consider requiring a larger security deposit or a last month's rent for additional security.