I plan on submitting 3 LOI's per week, be an active member on BP daily and start a podcast to grow my network.

My goal with an RE license is to primarily have access to the MLS, run my own comps at will and to have the capability to send out as many offers at a time (something that would drive my regular RE agent nuts, especially for the amounts that I'd submit for a targeted BRRR, Fix'nFlip or Wholesale, etc.).

Anyways, this is how the timing played out:2 weeks to prepare drawings and find contractor5 weeks to get building permit once drawings submitted to building dept8 weeks for 95% of renovation & passing inspection (the last 5% of reno continued even after tenants moved in).15 weeks total. 

We just had to submit receipts/invoices to get the rehab money from the bank. 

You will find this practice fairly common with companies that have insurance premiums over $500,000.When done properly, the consultant will review your program, discuss your over all risk, and how you want to Transfer, Retain, Mitigate or Avoid those risks through different strategies and tools (insurance being the Transfer tool).Once you and the consultant come to a conclusion on your risk tolerance, they should build bid specs or an RFP you can submit to other insurance brokers of your choosing to get proposals. 

We submitted all appropriate paper work, hardship letter, signed purchase agreement etc.

You don't want to be submitting the file to underwriting with your fingers crossed. 

Submitting an offer on a property in Philadelphia.

How are you guys submitting offers when agents are asking for a pre-approval letter?

About a month ago I was asked by my lender to submit a letter of intent for the property.