Without credit, it's going to be tough getting approved for a mortgage so you may need a co-signer. 

Pre approved take out mortgage loan11. 50% or more pre leased

A lender would probably approve that loan, but if he wanted to purchase a house with those same numbers again, they would probably decline it because his dti would go up to 46%. 

After working hard on my credit and making decent money at my job, I was recently approved for a home loan.

Would need about 600k of work to turn it into 2 town houses (already approved by the town).

Local governments could only regulate the rentals in the same way as other properties in neighborhoods, a restriction that cities and counties oppose.The House Commerce Committee on Thursday approved the proposal (HB 1011), with Democrats objecting that decisions about vacation rentals – which have sparked backlash from some homeowners who complain about raucous parties, parking issues and a steady stream of strangers in neighborhoods – are best left up to local officials.Despite the objections of local government officials, House and Senate leaders brought together a host of affected parties, including Realtors®, hotel operators and advertising platforms, to strike a deal that has eluded the Legislature for years.

Have her get pre-approved ASAP, so there's as little time between the 2 closing as possible.

That is absolutely correct, chik fil a only costs 10k to start a franchise, however almost none get approved because they are very strategic with where they put their locations.

Another concern is a recent pre-approval doesn't get me to this asking price.

I’ve been looking at some properties in the valley, some of them grabbed my attention, unfortunately been having a bit of a hard time getting approved for conventional loans, and am currently looking for funding.