I reached out to them and became pre-approved for a certain amount.

Sure, you can get a conditional approval very easily, but satisfying all the conditions the lender and/or investor has required often can be difficult if not impossible.

Hi Matt, From what I can understand the process can take between 8-10 weeks for approval and is only needed if you will be renting the property for more than 90 days a year. 

Nonetheless, the State Bond Commission approved the funding extension.

They typically want earnest money as well as pre approval or proof of funds.I've heard of people leaving money on deposit with the agent.

To start, get pre-approved for a loan, search for multi-family homes, plan commute, consider property taxes, leverage healthcare income, and build a local network.Good luck!

HUD will only approve market rent and rent the tenant can afford which can be a limiting factor for you.  

@Cindy Joseph if you had hired us and this person contacted us for your property we would not approve them.

When a lender understands your investing goals and strategy, it often leads to smoother transactions, faster approvals, and even better terms. 

I already know that a change in zoning can directly impact the value of a property, but I'm looking for more than personal knowledge.BACKGROUND: I have a client involved in a zoning dispute with Planning and Zoning.The property was approved for commercial use 15 years ago, so the owner built some storage units on part of the land.