I also updated our initial contact letter to explain that it's in their best interest for us to do the pre-qualification so inquiries don't waste time or money driving out to the property and/or completing an application when they won't qualify anyway.

Are you using your own money for your flips or do you have a lender/investor that funds your flips?

Liquidity is important if this is money you plan to put to work in the near term. 

You should factor in time value of money and opportunity cost.  

Successful flippers are:- Building relationships with reliable contractors- Ordering materials well in advance- Being strategic about which renovations will truly deliver ROI Regulatory EnvironmentRecent changes to Phoenix building codes have emphasized:- Stricter energy efficiency requirements- More rigorous inspection processes- Additional permits for certain types of renovationsBe prepared for longer permitting timelines than in years past.Financial ConsiderationsThe financing landscape has evolved significantly:- Hard money lenders are offering more competitive rates (7-9%) than the 12-14% seen in 2022- Several Phoenix-specific investment groups have emerged that pool resources for flips- Traditional lenders now offer more renovation loan products tailored specifically to the Arizona marketThe Bottom LineThe Phoenix market in 2025 offers solid opportunity for house flippers who approach projects strategically.

You can probably pay for a course when one of the sucker roadshows comes thru town, but it is a ton of money. 

Ensure lender approval before bringing the mortgage current, and use escrow or a lien to protect your money.

You think working harder equals making more money.

If you have been to these towns, they are good examples but very difficult to enter and make money from. 

Quote from @Jesse Scheidel: When setting aside money for Capex, Vacancies and maintenance, should you use multiple bank accounts?