If you get a dental issue approved on your claim, you get free dental for life.  ;-) )

If one person finances, how does that work legally about property ownership? 

No legal advice given

Otherwise, the lender would not trust you that you are moving to a smaller house and won’t approve the FHA loan.

I didn't even think about the legality of it all.

It is better for them to get half the profits than no profits, and you gain invaluable experience as they take you through the process with them.DO NOT go half-cocked and mail without having an understanding of the legal requirements for your area for assignment contracts.

Appraisal came in at 135k, which isn't far off but wasn't good enough Hardmoney lenders to approve the deal. 

Once you're Approved - you can use the monies most anyway. 

I am new to the forum, but have searched it and could not find an answer to my question.Trying to buy a few condos for a cash flow where I would pay cash for them and refinance to get 80% off the table.A few condos that I have seen a non FHA approved.

Should I try to get pre approved for the largest loan amount available (and I'm comfortable without being over-extended)?