Im dropping off pre stamped and addressed envelopes, which I know is much , but figured ill try to make this as easy as possible. 

My plan is 3.5~4% downpayment to keep the most cash in hand.I am ready to connect with lenders, but have no idea how to calculate the potential pre-qualified amount. 

I’m actually happy that rents are coming down because the increases we’ve seen past 2 years were unsustainable.Consumer spending through the roof, TSA screenings over Thanksgiving above pre COVID levels.  

a) you can still add to the principal so you can "carve out" your principle payment , with and without pre-penaltyb) both product is still working towards your DTI Now the challenge is the following in case you dont want to add into principal: if your home doesnt have appreciation ---> then IO only product is goodif your forecast appreciation is less than 3% and interest rate is expensive and you plan to sell within 5 years --> then IO only product is good but if your forecast appreciation is greater than 6% and interest rate is cheap and you plan to keep the house more than 3-4 years ---> then better choose 10YARM/30YFRM Meant to say this loan product is useful when one is able to visualize the amortization payment and carve it out.For example, in 2013 I purchase SF for 500K.

Hey Aldo,The Credit score looks like you’re in the right range to get pre-approved for FHA/Conventional depending on downpaymentAuto loans long term can help diversify your credit accounts and the longer you have that loan the better it would be for your credit.

Even if you don't immediately get pre-approved, a lender can help you set some parameters for your search as you figure out what's on the market near you. 

I am working with pre-foreclosure and tax delinquency leads I obtained using Propwire.

@Albert MassopI don't buy 'pre-foreclosure' but it'd likely be very tough to get a short sale this late in the process.

Usually we get loan with little to no pre-pay penalty and maybe they hit 4.5% cash on cash return going in and then when hopefully rates drop in a year or two they can refi and push cash on cash to 6 to 8% while being passive.   

REPS hours.4) Getting ready to rent the property pre-close but post-contract:  Understanding HOA rules and incorporating them into proforma lease agreements; preparing and posting rental advertisements; shopping for, selecting, and purchasing furnishings to equip the house to be put on the rental market.