Hard money is generally property by property, so if they will give you something like that which says they've approved you, that's a great start, but they generally need to see the deal before they'll commit to anything.

I chose these areas partially because I am local and can get about in those areas to see things in person the easiest, and partially because their price range seemed to match what I was looking for. 

@Steven Picker, I am not an expert on this topic and I see the thread has attracted a couple experts.

Here are the figures of a property I am wanting to wholesale:ARV: $130k * 70%= $91k- $15k in repairs= $76k- $5k wholesale fee= $71kNow the 15k in repairs is speculation because I am going to see the property on friday but the seller said it does need some work(its about 1830 sq ft).

I know some title companies in Chicago do want to see the separation by 2-3 days, but again that is a situation where they are not competent or comfortable enough that they can document that there were two distinct transactions which were separately funded, the first by you with transactional funding and the second with other funds from your end buyer.

I'm sure the banks see the market in the area.  

It takes a motivated seller with few options to see the light that this is a great plan.

Their website had previously rehabbed houses so maybe a potential buyer could see the quality and gain interestinterest. 

Great to see the planning and the hard work you put in is paying off.

Luckily as the finance guy, I began to see the potential in rentals all around me.