I approved them based on the fact that they were related and I figured together they knew each other and could work it out. 

There is no special approval for FHA lenders to originate a 203k Loan.

I am working on my first deal and I have started working on getting a loan pre-approval.

I can’t get pre approved for more than 200k.

If you are serious about purchasing, and you have the cash or are pre approved, please contact me directly and I can help you or put you in touch with agents who can help you.  

@Cody McVay, @Jeffrey Donis:thanks for the suggestion… It was my understanding that a syndication investment doesn’t meet the requirements for a 1031 exchange… Do you know if there are 1031 approved syndications?

Home is 95k, I'd be looking at 20% down @ 19k.  30yr x 3.9 (approved at a 3.4 but I like to run higher numbers..) is a mortgage of roughly 500. 

Already pre approved for 210k max purchase.

They approve loans and make money available for sale transactions within 1-2 weeks especially if the buyer is pre-approved.

Normally, you need to have Proof of Funds which means showing that you have the cash to purchase (e.g. a bank statement and/or brokerage statement OR a mortgage pre-approval).