Hello Everyone:The Problem:Please clarify the following in addition to providing an in-depth explanation and examples: Does requesting a pre-approval (PA) from a bank or a mortgage broker or a web site result in a guaranteed 1 hard-pull (HP) from some or all the credit bureaus?

Additionally, Hud requires proof of funds or a pre-qual letter. 

Tax rates are low and you have to pay the tax eventually if it is a pre tax account.

@Dmitriy Fomichenko agree with you about some specialized lenders lending non recourse loan (as i said at second half of my comments ) with a lot of down payment  and higher rate (all about risk adjusted at the end , pay now or guarantee it) ... example : a good commercial rate as of last Friday (Oct/11th ) would be 4.5% APR/25/long term fixed/1% Origination /1 yr IO/20% DP ... highly doubt that those non recourse lender will match a loan similar to that ... 

Before you spend the time to physically see properties, you will want to have a pre-approval letter from a lender.

So far good response but lots of paper work.IN my experience Only local banks will make true ground up construction loans and only in their foot print.Pre 08 I used to get my Oregon bank to go out of state.. but that ship sailed.its the hardest credit to get but once you get it   its a huge advantage for you.. compared to using  private or HML s  cost of capital can be half .. given there are no junk fees and apr is in the 6.5 to 7% range on drawn funds. 

BASE Jumping is Magical here in the Magic Valley.Twin is close to Sun Valley Ski Resort, Jackpot, Nevada, Yosemite Nat'l Park and more.

The second best are done with conventional financing and a pre approved borrower.

Moved here for college, where I started out as a pre-med student but graduated with a business and marketing degree (yep, that happened).

I did the rehab through a private money loan through family @10% APR.