You may still get the inquiry if they don't "qualify", but maybe it could automatically send a soft rejection info because they didn't meet the income qualification or had an eviction.  

The numbers then were (approximately):520K purchase5K Acquisition (legal, cash for keys) 80K soft costs (permits, architecture, structural)900K construction costs (750K contract, change orders, fixtures)50K financing10K insurance 85K closing costs (66K to other agent, staging etc.)$1,650,000 all in costs$2,640,000 Sale price$990,000 Profit A good portion of my profit relates to the rally in home prices during the time my project was in process.

The Mortgage Company sold my Mortgage to Wells Fargo, a company who turned me down for the mortgage in the first place.  

Have plenty of paper towels handy.

Right now, looks pretty healthy,  so banks  will  continue to lend.In many expensive markets, the real estate market is already "soft." 

Whenever I'm faced with a tough decision, like whether or not to throw in the towel on something, I picture myself 5 or 10 years in the future with each scenario.

Many of our guests are from Canada, so we get dinged extra for the foreign transactions.HOA = $477/ month = $1988/yr (Cable TV and Internet included)Utilities = $5,724 (Electric, Water and Sewer)Supplies = $580 (New Towels, new beach chairs, extra bedding, other small items)Taxes = $2,060 (Maui actually has lower property taxes than you would think)Insurance = $301/ yr (HOA covers insurance, we added liability and umbrella)Hope these numbers give you an idea of what to expect.

. $140 After repair value -28 Minus 20% soft costs$112 - 20 repairs $92 break even point $ 85 your price $7k your profitThat is a pretty slim deal.

Some items of consideration (which may sway you the other way):Soft vs. hard pull: Since you are initiating the report, the tenant's credit is dinged.

I would try to get a friendly conversation going, soft sell, regarding what are they planning on doing - steering them towards their smartest solution.I don't know how to figure an offer for Pre-foreclosure.