They may be able to just use your information for pre-approval.The lender that I had in February did a hard pull for pre-approval and at loan time :(  I'll have to ask before next time because my credit has suffered a bit from shopping around... 2 lenders = 3 hard pulls :(

I used to have a different mindset that did not take into account the big negative impact that many suffer when RE values falls.This does not imply that I would not be purchasing in such an event, but I do not hope for it even though i am in a position to benefit financially.  

David I like Hilton and Marriott but it's not just the flag...your operator, the location and how well you bought the property are key considerations to ensure you don't suffer even during down markets.

There is no limit to how much you can offer, however you're profit will suffer the more you offer, obviously.Most investors are looking to have a property at 70% ARV when they have a flip and sell exit strategy.

The big expense and in my opinion crazy overvalued big markets like Seattle, Issaquah, Bellevue, Tacoma and other surrounding popular markets suffered.

If there is a downturn, who suffers worse if they lost their rental home, the person that:1 - Had leveraged all the money/cash they put into it.2 - The person that had the 20% at the start, or larger (as they paid more into it) equity (their money) in the house?

In this case, had prices not come back down significantly, it is unlikely that anyone with less than a 6-figure income could afford to buy a home in desirable markets today.There are many unpleasant events aside from financial recessions that cause devastation and suffering, but the alternative is the status quo.

All this being said, realize in a down economy that technology companies suffer.

Yes, you can earn high yield most the time, you could have a mediocre return, you could buy at the peak and suffer a recession, and you could lose money.

If those aren't set up perfectly correct, you could suffer a lot of nasty tax repercussions.