Quote from @Jay Hinrichs: Oregon finally passed legislation to reel in unlicensed wholesaling its in this months publication from the state RE agency.Highlights:Goes into effect  July 1 2025Requires:On line application to become a licensed wholesaler  ( RE agents exempt from this of course they already have licenses)Name of company and individuals who will be performing these services.Each one needs a full criminal background check and approval prior to receiving the license.300.00 annual fee for the license.Written Disclosures in Bold 10 point.These must be given to Buyer and Sellers prior to entering into a wholesale contract and signed for.Also RE brokers assisting wholesalers need to give these to potential buyers and sellers.

I'd use an approved underlayment.Pro Tip: If it's cheap, it's not good.....at least spend in the moderate range.

Anyway back to regularly scheduled program !!   

There are a few programs that can do second position financing but typically underwritten based on your personal income.

If you are thinking of buying a fixer, I would consider buying now before plans and everything get approved for all of these homes. 5.

If it $500 and they approved $600 there is a possibility that they may owe you $100 but it is doubtful. 

I am looking into my first property and have been pre-approved for a renovation loan from a conventional lender.

You are trying to say you will use the " investors" to fund community programs, that sounds like a charity because there is no earning on the investment.  

The bank they are using with that offer is now saying my site prep bid came in way too high and not approving me (so far. still in process).

2) After the tenants were screened and I wanted to "approve" them and add them as tenants.