I just started my real estate investment journey and want to get a pre-approval amount estimate. 

But since the pre-1993 definition is technically cancelled, it leaves the door slightly open for 27.5-yr.For the 2 or 3 people who are fascinated by such controversies, here are links to BP debates from several years ago.

Because if they are advertising to be able to make loans in those states and don't have a lic. then they are willing to break the law and you should not be OK with working with a lender who is OK with this.Second thing you can do is search the state where they are incorporated to see if they actually have a business registered in the state. 

Get pre-approved for a mortgage so you know what you can spend and what you want to spend, and boil that down to a monthly payment versus expected rent.

Proof of funds, bank statements, proof of qualifying, pre approval for a mortgage, etc. are all methods of filtering out wholesalers and flippers, as well as “unqualified” buyers.  

Absentee owners, pre-foreclosures, and tired landlords. 

I do not agree with post above that chapter 7 pre payments are wiped.

People just didn't care as much pre-2023 when everyone was rolling in money. 

However, pricing in Austin is still substantially above pre-pandemic levels.

There are DSCR lenders that will, but I believe their rates are slightly higher and some have pre-pay penalties.You can also check with local banks.