It’s great that you’re pre-approved, but I’m curious why you’re leaning toward traditional lending instead of hard money, especially for a flip?

I am hoping to make connections to learn more about this market, which neighborhoods to focus on, as well as learn some pro tips as I begin my investing journey.To note, I have begun the loan pre-approval process and have a dedicated agent that is eager to find me a great property. 

I am working on these to see if theres is any way to approve them but I am wondering if my minimum requirements are too high for this area or if I should stick with it.

Hard money is a great financing program to get you going.

Find one with flexible pricing options, no long term monthly commitments and affiliate referral program.

This can be a very long and annoying process and you're not guaranteed to get approved.

2) Are you pre-approved and have the down payment in your bank account?

With Chicago's new Express Permit Program, it's a bit easier to get permits for work that would have previously required architectural drawings. 

Personal loans through the credit card companies can be approved and fund very quickly and my best rate is 7.9% so shop around as some are much higher.

There are many loan programs to help out first time homebuyers so don't feel as if this is too ambitious when there are tools to help you out, like use here on the Forum!