@Michael Anderson If current sqft. is $75 and you're getting it for $37 per then you're ahead of the game. 

I know the fix and flip guys are following this model as well, though, it seems only the more experienced flippers are staying in the game here while the rest "wait and see" again.Talking with lenders, almost all the hard money guys cancelled their loans and are no longer offering new lines of credit.

If you are being asked for a POF it can mean a couple things, but most often then not, its because you are new to the game.

       Hey bigger Pockets community, I am a newbie to the real estate game.

We will know soon enough if they will continue to pay rent or play games. 

Let's hear a second opinion though as maybe I'm incorrect since I haven't been in the game too long

I’m a little new to the REI game, but have a background that gives me a little leg up.

What is the end game here? 

A couple of the bigger HM lenders that took care of my clients in the past are now pulling out of the game and re-assessing their loans.

If institutions and lenders decide to tighten I want to already be ahead of the game and ready to go shopping if and when everything goes on sale.