You are buying for good value either if (a) the seller has completed the value-add and you purchase for that value at a cap rate you're happy with or (b) the seller sells a pre-value add property at the value based on current rents and you do the value add yourself and capture the value.  

Get a pre-home inspection.  

As far as the lender I got a pre-approval letter for an investment property with Bank of America.

I know who I am going to use for a lender, and have a pre-qual letter and proof of funds for the 20% down payment.Is it possible or advisable to deal directly with the listing agent and try to save the 3% that they would've otherwise paid to the buyer's agent?

Hey BP family! Burning question for experts, especially in Washington state (Auburn, Kent, Renton, Seattle, Bellevue, Kirkland, Tacoma) investors. I wanted to poll the experts on this one. I help a lot of folks out of...

So I don't bother with these once I have an application in hand.Now, before I get an application, as a pre-screening tool ... that is where you might consider these, because no adverse action letter is needed when no application has been submitted yet.

I have been to Bozeman before...great ski country! 

He was paid his 6% APR less his draw, we paid off the note on the property and then we split the cash, the insurance refund and net sale proceeds 50/50.  

As a project manager, I check with the permitting department to see if they have a process for a pre-application meeting (in the Seattle area most jurisdictions do, if they do nothave a process, then I set a meeting up with them).

I don't know if you use any personal finance apps like mint, they have a nice feature that shows you which credit cards have the highest APR.