I’d be interested on pre approval

If you’re approved for the mortgage they assume you’re qualified to pay it on your own so if you can afford the monthly don’t overlook the power of equity.

@Nik Farooqui You are correct in that GC licensing is never a requirement but it is more of a "silent factor" that can make a lender more comfortable lending hard money and thus the approval and loan process easier.

Get pre-approved through them and then start sending them deals!

Not impossible but it would be pretty tough to get an STR property approved unless you are an owner occupant.

You really want to have your contract approved by an attorney even though California doesn't use attorneys for transactions.

We had to get a signed lease and first months rent and security deposit on our current home before we could get approval from the bank.

You need a proof of funds or a pre-approval to go with any offer so if it's hard money, they will issue a letter.

Are you completing these renovations with all appropriate permits and approvals?

@Tanya MaslachYou do not necessarily need to have an Ohio based entity to purchase and operate rentals in Ohio, HOWEVER, many lenders are beginning to require that either an entity based in the same state or a foreign entity is registered in that state in order to obtain a loan approval.