One thing the bank recommend is my partner put those two houses in his name and we sign a pre-sale contract between us that says he'll sell it back to me when construction is complete.My questions are, what are the risks of us entering this agreement?

I am really looking to acquire low and renovate, ideally properties near the ski resorts or mountains.

It's the same as us requiring a pre-approval prior to showings. 

My wife and I received a pre foreclosure letter but were able to pay our past due balance.

Owner is in pre foreclosure arv is 115k houses are selling for 105 in that area they owe 89k is there a way for me to wholesale this property? I'm still new to the pre foreclosure situation 

WHY I ASK THIS: I want to understand what value this adds for us as we are about to seek our second rental and getting a pre-approval letter and loan.

We conduct a pre-qualification interview to further determine if the prospective renter will likely meet our minimum criteria to rent. 

Get a pre-foreclosure list and start calling people.

(I know my first mistake was not getting a pre-approval on the home before I started.)

We are attempting to setup an automated system where once the offer(s) are created that the offer is automatically populated in a pre-formatted offer that is sent to a mailing company.