For more of a SFR 'average' American home (whatever the median for the area is) I would say that an address specific  letter of preapproval (when submitting an offer only) is sufficient.

Most lenders were at 9% to 15%, somewhere in that range, so they have to taper down.Not all lenders were/are >7%, and some are still below, with capacity to do more.

It's not perfect, but it gives me a place to start.I checked with my attorney and he felt it was sufficient to protect me. you may want to do the same. 

.#3....Get a realtor and go shopping.Texas is a giant place....for example Dallas to El Paso is 1/2 way to LA.....so 1/2 the trip is within Texas...so you'll probably want to buy in a combination of close to where you will work, then in the price range that fits your income or borrowing power.

It doesn't sound good, but if you don't actually have access to sufficient funds then you need to focus on finding sellers who are too dumb to ask for PoF.

Until CAPX gets built up sufficient to cover, we can/will cover it ourselves. 

Things have changed this past year, caps are sitting MUCH closer in the 4-5 range as shown in the t-12... 

If the park is in a major MSA with cap rates in that range, the deal may not be that far off.   

I remember being able to download a range of docs that were very helpful. 

(Assuming the high end of our range of $450k)