The main advantage of a Fully Approved Loan is that your ability to get the loan has been addressed (which is usually the big thing).

The opportunity to select "investor" while submitting the bid is not availableMarvin- The listing agent does not know what bids are submitted or the amount of the bids. 

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That said, the volume has dropped off considerably from its peak in my market 2 years ago while other sectors of construction have picked up for us which essentially allows us to be much more selective in what work we accept.

and not only has it doubled in value, I'm now renting it out at $800/month cash flow.I'd like my next purchase to be a buy-and-hold multifamily so I can take advantage of FHA 3.5% down.

A number of our clients are taking full advantage of these conditions.  

The downtown market is beyond hot right now so I think it's best to take advantage.  

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Do I have to involve the bank in collecting bids and selecting subcontractors for scopes of work?