This means it stays fixed for 10 years and is a lower APR than a regular conventional mortgage.

If you're targeting MLS-listed properties, you're going to need to show proof of funds (or a pre-approval letter if making a financed offer). 

Have a pre-approval loan letter to submit with your proposal.  

Purchasing properties in an LLC will increase your cost, i.e. mortgage loan rate, APR, and fees. 

If you're going to use hard money, write the offer as financed and include a pre-approval letter.

Almost NO ONE does it.I am listing each build I do always in hopes of a pre-sale.

I wouldn't be wasting other investors time until you have approval from all lienholders on the property.This is includes bank 1st, bank 2nd (if any), bank 3rd ( rare but happens ), secondary liens of judgments, mechanics liens, back taxes, etc.Once you get everyone to agree you will get the approval letters and a timeline to close in.Sometimes the listing agent has a pre-approved offer from the bank on what they will take based on going through the process before and a buyer didn't stick around for the answer.

Slip up at all, anywhere at any time in the transaction and you get run over.You are dealing with two entities in a pre foreclosure, with only one entity that you can talk with (Seller) and that entity really has no say so in the transaction.

After building 2 years of work history, I went to get a pre-approval for a mortgage and began searching for my first property.

I already have a VA approval, not a pre approval but a approval on the purchase on the new home pending the sale of my home and re issuance of my VA certificate.