You may still get the inquiry if they don't "qualify", but maybe it could automatically send a soft rejection info because they didn't meet the income qualification or had an eviction.  

The numbers then were (approximately):520K purchase5K Acquisition (legal, cash for keys) 80K soft costs (permits, architecture, structural)900K construction costs (750K contract, change orders, fixtures)50K financing10K insurance 85K closing costs (66K to other agent, staging etc.)$1,650,000 all in costs$2,640,000 Sale price$990,000 Profit A good portion of my profit relates to the rally in home prices during the time my project was in process.

The "why" part of your question is answered simply by letting you know I have a soft spot for single parents.

I would try to get a friendly conversation going, soft sell, regarding what are they planning on doing - steering them towards their smartest solution.I don't know how to figure an offer for Pre-foreclosure.

. $140 After repair value -28 Minus 20% soft costs$112 - 20 repairs $92 break even point $ 85 your price $7k your profitThat is a pretty slim deal.

So if I have 150K in soft costs I'm paying, and 1.5m in hard costs for construction, will the bank consider the the building I own (free & clear) and developing as a percentage down or not. 

Most consumers (individuals and companies) have enjoyed a soft insurance market for well over a decade now. 

There are many ways to be successful in real estate investing and it gets more exciting and less overwhelming as you gain momentum.Keep learning, sharing, and don't be afraid to take action Bassel!  I

Sales are soft, prices are down, sellers are flexible.

The account isn't large enough to finance a flip itself, but the funds can be used to obtain a soft-money loan, and I will have 20% in both the purchase price and 20% of the rehab costs.