The funding times could be as little as 10-15 calendar days if the loan file is set prior to submission.3) depends on the loan you're getting conventional financing has no pre payment penalties (PPP)4) Usually there are no points all the way to 4-6 points on hard money depends on what you're looking at obtaining from conventional, portfolio, private, hard money, etc etc etc5)Yes with significant down payments 20%+ you can obtain interest only financing and sometimes higher 25-30% down for non owner investment interest only (portfolio only)6)Typical closing depends on your state and area norms since each area or state has different title insurance policy costs, attorney and escrow states have different costs to process/be the middle man on a transaction.

His policy is for every adult who will be living in his property to submit an application - which, upon their signature and submission, authorizes him to do background checks, criminal and rental history, credit check, etc.

We also see REO lists from a few lenders and deals from our fund's submission engine.

If I were to get my company set up as an LLC through an attorney and registered and all of that, would I also need to go to my county recorder and do the whole "operating under an assumed name" thing where I have to post the company name in 3 consecutive legal notices, or would the submission of the LLC be sufficient to have an up and running company?

Being that its your first property, I would really recommend using Zillow to do the basic back ground/credit screening and applications submissions. 

{Note: we have an environmental condition in our Agreement of Purchase and Sale (APS)}.confirm if an engineering assessment/study (something beyond the normal building inspection) is required;  order if necessary; review results before signing off on inspection condition in APS.obtain copies of any zoning confirmation letters or variances applicable to the property (and its current use);obtain consent letter from Vendor to pull property histories for workorders, citations, zoning variance applications, planning submissions, & building permit history from City/Municipal planning and inspections department;(if applicable) obtain verification from fire marshal that property is up-to-date on compliance and inspections;obtain inspection history and operational certificate for any lifts/elevators on the property;in addition to estoppels for tenants we also review all supplier/service contracts and, if the contract is informal {aka handshake}, we execute an estoppel with the supplier/provider.   

Since this goes out after the short time delay after the first form submission, they usually are still on your website filling out the second form.

When your interest rate disclosure is not within one tenth of one per cent, you'll be in violation of federal law, when the application of interest and principal is incorrect, you'll be in violation again, when your tax submissions aren't correct, you'll be in violation of the tax code, as to TILA, penalties are $100,000 fine and up to ten years in federal prison.

That was from submission online, the inspector checking work and payment processed.

Below is my submission.