I assume a pre-approval is essentially what a seller wants to see in terms of "proof of funds"?

Essentially, the portion of the property’s income considered UDFI is based on the percentage of rental income derived from debt.For example, Property A is purchased for $100,000.

But essentially I'll be Closing on the house twice.

Not Providing Essential AmenitiesMost guests won't ever notice whether or not you have toiletries, soap, towels, etc.

Since it is vacant and has been for some time, the market is essentially saying “there currently isn’t demand for the building as-is/at this price". 

Market rate is probably $850 to $925, although it would require some TLC.I have secured private financing from family, so I will essentially put nothing down, and just pay interest on the $80,000 to $90,000 at 5%.

I’m trying to develop a small team of essential members needed to help this FLIP go smoothly—any suggestions on what essential members I NEED to have on my team?

I just had an offer accepted on a Duplex that was essentially gutted and completely renovated from the ground up.

I find it intriguing for a couple of reasons and wanted some input on how you would go about evaluating a deal like this.It's essentially 5 duplexes at $776,000.

In our experience, the commercial lending practices of the Big-5 (Schedule 1) banks have had no appetite for deals under $1M.While the point about commercial lending being based upon the business and not the individual, may be attractive for small properties (and essential for larger ones), commercial lending is more expensive (originating (legal, administrative) costs, lending rates (unless CHMC insured)), than residential.