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?

I was shown a few places, compared them to the neighborhood and saw I was getting good cash flow, but there was no equity build up I was actually paying more then it was worth and would maybe sell in the future.I decided to flip it back and just learn the basics by practacing the BRRRR in my home state instead, here I can still find 25-35k houses with new kitchen/bathroom cosmetic work for 15-20k, total price in 50-55 that would rent for 695/750.

We decided to purchase the program/membership for Michael Lush of Replace Your Mortgage to get at a larger list of banks who will do a first lien HELOC on purchases and investments and were able to buy a primary home for 10% down.

Hi EveryoneI've came across Bigger Pockets via the podcast on YouTube which I've been listening to at work on a regular basis, so I've decided to get more involved and join the community! 

I was trying more to point out that a whole lot of investors would follow Joe's or Sean's advice, and do well, but that we need to decide for ourselves what we want and what issues we're willing to tolerate with our investments.The "better" the neighborhood, the lower you should expect your return to be.

So I decided to use a wholesaler to sell one of my flips.