Based on my initial research, I have decided to look into multifamily properties which I will hold in the long-term and rent out (otherwise leverage the property for the next deal).

How will a bank look at me and decide to fund my deal(s)?

I guess it goes in front of a judge in 4-6 weeks from there he decides whether it’s a sale or not.

For me, the deciding factor that made me just take action was hearing how many experienced investors still make mistakes in REI.

I used to create Google calendar events for action items or a spreadsheet to track research, but I started getting buried by the sheer amount of the information.We use a task tracking software called JIRA at work so I decided to give it a try to track all the REI knowledge I was gaining.

If you decide to apply the requirement as a one off OR different requirements for different properties OR worst, different requirements to different applicants for the same property, then you are asking for trouble.

I have not done any deals yet, but have wanted to for a while now and finally decided to start taking action.

You decide what you want.

The house is about 800 sqft.I was interested in the property and decided to do some digging.

I am still trying to decide which route to take, so any input would be greatly appreciated on your personal experiences, BUT my main question is this, and forgive me if it is a silly one - Can you get pre-approval through these loans (to ultimately find out how much I can borrow) without having a specific house for them to look at?