Perhaps the NC senate will soon pass one of the two house-approved bills that will take away STR regulatory abilities from cities and counties. 

Just because someone applies doesn't mean they get approved. 

 Hello, Recently I bought a property at foreclosure auction in suburbs of Chicago.I'm wondering what are next steps after court approval.

Conforming loan limits increased to $647,200 for most of the U.S., which means you may be able to avoid the stricter requirements of a jumbo loan.

Your best bet would be to contact a local bank where the mobile home park is as they're more likely to lend compared to a nationwide bank not familiar with the area. 

If you do decide to let her pay for it, I'd make sure that you get it in writing that you own it and you approve the type, color and installers.

Pre-approval letter with a lender will be great specially if you are looking to buy distress properties and asking for a superstar agent. 

I got approved for a hard money loan, through networking partnered with someone for their experience to get better terms, then found someone to gap fund (my barber of all people) and I put the deposit down and ran the project.

I already got pre-approved from couple lenders and was wondering if these rates are good or whether I should keep searching.Property I'm looking for: Small-multifamily (most probably fourplex), not planning to live in itBest loan I found so far: $265K loan + 90K down payment, 15y fixed, 3.00% interest, 25% downDo you guys think I should be able to find any options with lower down payment or lower interest rate or a 30y fixed?

Get pre-approved with a lender.........when you do that you will know what you can buy.