If these are things you did on a pre-move out inspection, then yes. 

Filling a pre-screening form, actual application or anything else?

.$250/mo cash flow on $150K equity = 2% APR (not good)Find a way to boost your net income from this property or refi to take some equity out and reinvest that equity.Personally, I find it is tough to make the numbers work on small Multi-unit complexes (depends on the market).Make sure you have a good plan to manage the property and have maintenance and leasing figured out.

We have done some analysis on the place - there are a couple of comps on the lake and in our neighborhood that we can compare and I feel confident that we can get an excellent nightly rate and brisk business - we are going to buy a jet ski, bikes, kayaks and a pontoon that will be rentals - the entire place will be a laid back, party with style...BUT, if the economy crashes - I figure the worst that can happen is that we've upgraded our life.Basically, the HELOC would add about $600 to our monthly bills - which is incredible - and since our house was almost paid off, I did the comps on ARV and I figure we will near double our home value - so for no cash out of pocket, the worst thing would be that we aded $600 to our monthly bills but nearly doubled our home value...So...even if the economy crashes - my partner and I both have day jobs...sooo, I think we should be pretty smooth sailing...BUT...as I said - I am TOTALLY new to this and would love feedback, criticism, word of wisdom, or a pat on the back (hopefully...).Thank you all!!!

It's not the downpayment, it's the fact that your APR is literally double as an investment.

How many business days is "reasonable" to allow a lender to grant a pre Qualification?

The area we are moving to is near a ski resoirt, the Appalachian trail and lots of outdoor activities. 

The One Seven Community is located in the City of Upland, two blocks from the 10 freeway in the heart of the dynamic Inland Empire, just a short drive to all that Southern California has to offer.. fine ski resorts, pristine beaches, the desert resorts of Palm Springs and much more.

The One Seven Community is located in the City of Upland, two blocks from the 10 freeway in the heart of the dynamic Inland Empire, just a short drive to all that Southern California has to offer. fine ski resorts, pristine beaches, the desert resorts of Palm Springs and much more.

Apr. 5, 2022): Salas bought a lot from a developer in a Florida subdivision.