But I hope the owner bank knows that a 203k loan is only for owner occupied.3) We did not state if we were a licensed real estate agent or not.4) We did not state Buyer to pay $50 per diem.5) We did not state proof of funds for purchase, however on the approval for 203k loan it states that assets have been verified.6) We did not state that we have visited the property7) We did not send a cover letter either.Have we severely hampered our chances of purchasing this property?

I am sure there are laws about this already, but I agree that this is the type of stuff that gets pendulum-swings-the-other-way laws passed...like our inane executory contract laws in Texas that really hamper lease/options.

I think we are seeing the results of some of the worst economic advice and how greater government involvement hampers economic growth.

That will hamper new construction in areas where there was a boom in construction until 2006.

What type of external threats could hamper growth?

If you want to grow putting your own money into negative cash flow properties every month is going to seriously hamper your growth.

However, I will try to avoid the "analysis paralysis" that I hear hampers a lot of new comers

Is this going to hamper appreciation?

They look for 2 things:1) Ability of you to service the debt, so no income on the prop hampers that AND2) If things go sideways and you default, taking the property back with enough equity to cover their loan.If you haven't done this before, you're looking at way higher rates than FHA.

I know you said that due to COVID your entertainment industry income has been hampered.