When I asked them about the fraud/lawsuits they said that was Clayton Morris' old partnership with a different company and now they only refer to SDIRA Wealth which only sells new construction homes that are usually pre-leased to buyers (currently they are building in Lubbock, TX).

I was pre-approved for a conventional mortgage with a 3 % down payment 2.75 Interest Rate.

Purchase price: $925,000 Cash invested: $200,000 13 Unit Multifamily property in the Waveland neighborhood of Des Moines, Iowa. pre-acquisition: 7% under MR and 15% vacancy/bad debt.

Pre-internet, being a landlord wasn't easy, but it was straightforward (this is a gross oversimplification).

Watch out for the village requirements and make sure your team knows what areas require rental and pre-sale inspections. 

Incorporating a value add strategy to your house hack has the potential to move you quickly from one property to the next.    

Also Ca tax sales wipe EVERYTHING out the only reason for a pre lim would be a access issue.. which of course one can do on their own..

Also have you done any pre-dd-  driveby, discussions with broker, property managers and other real estate professionals about this property.   

I'll add, since you're pre-closing it's worth reaching out to the seller/current property manager to see what they currently do.

@Kenroy BernardTo acquire a multifamily property in Long Island, develop a VA Loan Strategy, obtain pre-qualification from a lender, factor in renovation costs, conduct market research, build a team with experienced agents, network with investors, strengthen your business plan, expand knowledge through tools, and take action by searching for properties, attending open houses, and setting a closing timeframe.