It takes a credit pull and a made up "123 main street" purchase loan to pose the question to LP, however.Further: Normally I disagree with the majority of my fellow lenders requiring a fresh credit pull every 3 months for a preapproval to remain valid.

., great idea to invest in KC since you get a major bang for your buck here....

I have to pay after 10 inquiries.

Also be aware that most of the SFH in this range seem to be in rough or major reno shape.  

I have read the majority of the books recommended on BP I have a lot of family that are in real estate that give me advice on what to do and not to.

Unless you purchase a property where 100% of all the mechanical systems  or major elements like the roof are new, you may need reserves beyond the $7K required by FHA.  

Basically, for roof, siding, windows, furnace or other major components, we have a very simple rule.

Inspection report indicates major deferred maintenance issues.

I have an off market home in a terrific area of  Cambrian that  I'm  getting ready to do a major renovation on.  

The majority of these homes are second properties used as a weekend escape with a handful of primary residences.