Buyers should have a strong investor focused lender and updated pre-qualification letter dated within 90 days and a team on the ground that can facilitate short term (sometimes virtual) showings and responsive/creative dealmaking ability.

Definitely worth connecting for a pre qual call as well if you haven't already done so. 

My calculations bring the pre-rehabbed price per door to $162,500.

This is tedious, cumbersome and annoying, but a better use of time and energy then analyzing a property, seeing it, speaking with the listing broker or getting a pre qualification.

Tisch Center of Hospitality, has released a series of CapEx studies showing hotel capital expenditure spending has been half of pre-pandemic amounts in period 2020-2023.The impending debt crunch faced by commercial real estate over the next 18 months has also been widely reported. 

Any other place you guys can suggest to get a pre filled wholesale contract?

I usually get PPC leads or work a motivated lead source such as pre foreclosures. 

Pre 2016 it was the wild west - no regs at all.

Pre-qualification in order.

Budget is $200,000 and I plan to put down 20% that is a gift from my mother.I talked to a mortgage broker with Edge Home Finance and submitted an application for pre-approval.