Hope is a bad strategy.The only on market strategy that I think can work is paying cash/line of credit/hard money for a property that does not qualify for conventional financing.

Call the lender to confirm the details of the preapproval If your property is in good condition then steps 3 and 4 might be slight overkill but it will help weeding out bad buyersHope this helps and let me know if I can help more!

Most banks/credit unions use 20-25 years to calculate the P&I payment (aka Debt Service).Lastly, the LTV "standard" is relatively fluid in the industry.

Paying this out of pocket is going to hurt badly after I've already lost rent for the past 6 months plus court fees.

do not use a line of credit for a down payment. 

I understand needing to keep bad actors off the platform, but would have assumed new ownership/management would have allowed it to be reactivated.

Also not all deals on FB are bad deals - they just need to be vetted like every other deal.Note: This post is being made based on my opinion and I was not under duress or a threat of lawsuit.  

You would need to submit a material list to a local supply house, usually they require you to open an account and they ask for a TIN for a line of credit.

I’m just giving credit where credit is due. 

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?