You simply call them, send them a note that says they do not meet the qualifications you are looking for in a tenant.  

It may be reality with your qualifications.  

A pre qualification is not very useful.

As I struggle to finance a secured 40k loan with great qualifications, I can pull 25k unsecured at 1% from my credit cards tomorrow, which I might just do.

You need to show you had good intensions in buying as an owner occupied and were not being fraudulent.Your next loan to buy will consider your loan liabilities for qualification, off hand I believe you can only have one FHA loan or if you can it's limited by the loan amount like VAs, the amounts and rules change there.

There has been some confusion in the past between a pre-qualification and a pre-approval letter.

By credit, I mean for financing qualification purposes, it has nothing to do with cash retained in any escrow account as I did in the loan servicing business, where we serviced options and other installment contracts along with notes in several states.

When you begin to evaluate the possibility of a borrower in walking away these initial motivations play an important role in valuations.Very few installment contracts were ever processed as to any qualification of a buyer, you would see an in-file credit report as Realtors made an attempt to cover their exposures with a seller.

First off you must have a copy of the deposit and proof of funds and/or pre qualification presented at the same time as your offer.

If you open a side business to start a SD 401k. Are you allowed to contribute gross or net income towards your 17,500 contribution?

I started one this year and only earned about 10,000. I have around 5000 ...