Most hard money Lenders can't give you final approval without the property because they do an analysis to determine what their risk is. 

(I know, nothing is certain but just hypothetically) and all cash out loans are not created equal. if you have a lot of equity you can borrow up to 60% with the lowest rate possible, which would be close to a half point lower then borrowing up to 75% loan to value. 

Quote from @William Fuller: Land wholesaler here looking to connect with builders and developers in Atlanta, Florida, South Carolina, North Carolina, Virginia, and possibly other states as well. 

@Kylie A.Yes, but have your lenders lined up before you dive in. 

Most lending is based on cashflow, not the 2% rule (although still a good rule of thumb for some types of investments), might have the most help from the group if you provided some of those details here just so it'd be easier for us to help you best. 

I was originally drawn to it because I wanted to have one place where all my tenants paid rent and where they had the option to set up auto payments. 

They were the most inept, un-alert, unorganized team I've ever seen. 

Most mortgage companies will not call loan due if payments are current but you do run that risk and need to be prepared to payoff or refi at a moments notice.

I am trying to get more direct to seller leads as most my leads come from other wholesalers who don't have buyers like us.

Any city that I'm looking to invest in I always start by looking at population growth.