I’m  Hey Adam, Have you gotten Pre-Approved already?

I know if I were to send an operating agreement to a lender that reads "LP member will receive return of their capital and 20% annualized return" they would not approve the loan.

Last time MF was built in scale in my area was the mid 80s, and getting approval for MF construction is even more challenging/next to impossible.

I also have this same question about a Multifamily deal we have where we will need to purchase land before approvals.. you’d think being in this as deep as we are we’d know this answer but, it’s actually proven to be a pretty difficult thing for me to come across even with speaking to several people in the industry.. my own mother is 32 year lender.

That does not mean it is approved, but it is a positive.  

If paid in Belize in Belize dollars you have to go through an approval process to get your money out.  

In a lot of the Sherrif sale states you simply need a deposit to bid and then you will have a normal or basically normal settlement once the judge approves the sale..

Sometimes when placing an offer --  the POS is not yet available - and when you place an offer you can make your offer contingent upon approval of these items... although in order to have a competitive offer in this seller's market you are basically forced to "assume" the pos violations once they become available (usually 2-3 weeks after it's been ordered) -- you should be able to tell if anything more serious might come up on the POS via your own personal inspection. 

Red tape with trying to get the HOA board to approve repairs.

I would talk to some lenders and see how that would look and what you would be approved for.