The market is hot and only getting better and I know the investment is right but I keep missing out on all the houses because I can't get approval.

So over the last month I’ve been trying to get quotes for a pre-approval from my local banks and loan officers.

The lot had a previously approved tentative tract map that expired a few years ago.

My understanding is that during the loan approval process the underwriter will typically look at the previous two years of tax returns... 

Department of Housing and Urban Development (HUD) today announced the approval of a Conciliation Agreement between Inland Fair Housing and Mediation Board and a group of Upland, CA, property owners and managers resolving allegations that they discriminated against families with children by refusing to rent to them and by imposing different occupancy terms and conditions to families with children.

Once approved by L&I, THEN I could pull permits.

This Consent order needs to be approved by a judge to be effective.

(Let's say I have enough savings or "house hack" the first house so I actually have the income stream to keep paying the first mortgage, just that the income stream has changed from what the initial mortgage was approved based on.)I guess what I'm really asking is, how does changed income stream on previous mortgages affect your ability to get new financing?

I plan on moving my rental property over to the LLC once I get final approval. 

I do prefer 30 yr low interest loans but I agree that it is usually a POA to get approved.