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. 

I work with a great lender team that can get you an initial ‘Pre Approval’ or letter of intent. 

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

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.

@Jamaal SmithIn Florida, the property appraiser provides a detailed mailing showing all taxes for last year, as well as the proposed taxes for the current year with any increases, as well as a column if the increases aren't approved (or something like that.)I think I missed the fact that you say this was a $600 increase per MONTH!  

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!

For retail investors I would be more worried about what the sponsor does vs who they are raising from - when I see a fund start branching out and doing something not in their strike zone whether it’s crypto, oil and gas, MF, debt and mobile home parks etc that to me is a red flag - especially if they are also spending their time traveling the Public Relations circuit selling mentorship’s vs managing assets.One last thing to add, I know iof someone who had one investor for 25 million.

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

I am in 2 mobile home CRE Funds  and both are distributing an annual distributions north of 8 percent.