This works especially well for approved short sales because the process is set.2.

UNDERSTANDS THE PERMITTING PROCESS THERE.ARCHITECTURAL HISTORICAL APPROVAL PROCESS FOR RENOVATIONS.  

He was behind on rents and said he was approved for the SBA PPP and would pay when it was received.

I own 8 properties currently and was approved for a $3k loan, so unless you have a huge portfolio your probably not getting much.

When in doubt, if you're not sure about something, just call them and ask if it's approved...and document what you're told.

I have been pre approved for an FHA loan for a multi family home for up to around 570K.

After about 6 months, we talked with the PM about it an asked that they NOT approve trivial maintenance requests on that property... 

@Mike Jordan Personally I've found keeping a full time W2 job and doing deals on the side is best, as it's the path to bank approvals for the best long term rates.  3-4% for 30 years, you can't beat that. 

The only issue I continued running across was that my pre-approval amount wasn't quite enough to buy a multi family right off the bat especially since I'm taking advantage of the VA loan to get into my first property.

Getting pre-approval and then going will not be such a good learning experience.As they teach you in the forces. you practice for war.