Mod this extra post was due to a double bounce in submission so please delete this note and the previous note but please leave my original.

Rehab portion of the loan typically not to exceed 100% of acquisition cost unless otherwise approved.CLOSING COSTS :Up to $1200 of closing costs (i.e. title insurance, recording fees, etc.) can be financed as part of the loan proceeds.GUARANTEE:Personal guarantee required.QUALIFYING DOCUMENTS :Investor Assessment FormLOAN DOCUMENTATION:(For Each Loan)Purchase AgreementSummary of Rehab Work to be CompletedAfter-Repair-Value Appraisal (Obtained by Brookview)Tile Policy (Obtained by Brookview)Brookview Deal Submission FormPictures of Rehab PropertyHome Inspection3 months of Bank Statements2 years of Tax Returns3 Most Recent PaystubsSigned 4506-T 

With some REO properties the  brokers / agents only contact is with an online portal submission system so they would print the screen showing it had been submitted and give to the buyer.  

My next question would be this - do these companies choose their own sites based on their own studies, or do those "site submission" forms on the company's website ever lead to actual interest and/or future development?

Before you buy a vacant property, if you are curious about knowing if someone reported rents in the past, request an OPRA request and that will be able to show you if the city has records of previous submissions of rent control amounts.

My lists usually get returned within 5 minutes of submission (which I can do myself online) and I am off and running. 

I can't imagine the process being anything remotely close to the regular process of an individual offer submission.

However, with submission of additional forms you can change it later. 

With the app submission, I asked the lender to send me his credentials for my verification while the application processed.

Time for submission and response is tight so know what the standard real estate contract says about this.