Back in 2016 I purchased, rehabbed, and rented out a property in Philly using the zero APR credit cards.    

Is there a pre payment penalty?

(read, most of the multis in STL)  We even had higher offers passed over for conventional or cash offers.That said, there are a few programs out there for first time home buyers that I am pointing people at:A local STL credit union has a first time buyers program that works for up to 4 units.  0% down and covered closing costs in exchange for a slightly higher APR for the length of the loan. 

Do you have a pre existing relationship with the lender?

Hello. If I'm assigning a contract where the seller is in the notice of default stage, is it ok to allow the end buyer to use financing, e.g. hard money loan? Also, if the seller is in notice of sale stage, should I o...

You also need to ask if there is a pre-payment penalty and after how many months it drops.Last but not least they all want to see some experience, verifiable track record, etc.

There are way to many tire kickers that that reach out about Cleveland and over 90 percent don't do anything.....that includes the bigshots that claim they don't need a pre-approval because they are "supposedly" paying cash. 

Would probably start with a project that doesn't need a ton of rehab so you don't get out of your skis.

If you run across a good opportunity right now and do not have a pre approval, you cannot make an offer.

I am still in the process of putting together a pre-construction estimation sheet.