To the extent that a lot of people that bought a house 6-12 months ago would struggle to get approved today.

Just some more back story tenant has made many changes to the property without prior approval and is currently on a month to month since no lease has been renewed for quite a few years.

I've been deep into the BP webinars/podcasts and am pre-approved and on the hunt.

Decided/approved by the law makers and added to the Internal Revenue Code.  

They are requesting I pay an impact fee of around $8,000 to obtain their approval.

I am in process of buying my second home which I plan to move into.We first bought our first house in 2012 for low 200's in suburbs of Nashville TN.Now the house is worth 440k.Balance on mortgage is 162k.The second home will be a new build in 500k range.My husband makes about 85k per yr.I want to start off investing in reral estate to have a cushion for kids education and retirement.At this point,our lender mentioned that hubby will be approved for  500k mortgage at 3.125% with 10% down.Provided the present home also rents out and we have a lease of 1 yr signed.We have all this set up.He also mentioned we can look into heloc.How do we do that.I have no idea about it and dont want to do it ignorance.I also plan to buy another home for investment asap after we move into second home.I am a SAHM and will be for quite some time.Any advice?

I would like to get pre-approved for a loan.

What is a good amount to pre approve for a property manager for spending?

Then I'd structure a mortgage accordingly to get it approved successfully. 

Although prospective borrowers are individuals, once they are approved for financing, their funding is sent to their LLC or company that has been set up for the purchase.In the context of hard money and private money lending, the funding provided is used to finance a real estate venture.