Preimage Lemma for transverse map. Help with some passages

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I'm on my way proving the Preimage Lemma for a transverse smooth map but I've encountered some problems with two passages:

Let $f\colon M \to N$ be a smooth map transverse to a submanifold $L$ of $N$ of codimension $k$ and $f^{-1}(L)$ is not empty. Then $f^{-1}(L)$ is a codimension $k$ submanifold of $M$

The proof given during lecture is the following:

Let $f(p)=q$, $q \in L$. For some neighbourhood $V$ of $q$, $L\cap V \simeq \mathbb{R}^{n-k}\cap V'$ where we see $\mathbb{R}^{n-k}$ as $(x_1,\dots,x_{n-k},0,\dots,0)$ in $\mathbb{R}^n$). Let $\pi\colon \mathbb{R}^n\to \mathbb{R}^k$ be the projection to the last $k$-coordinates. By transversality we have that $0 \in \mathbb{R}^k$ is a regular value of the composition $$ U \xrightarrow{f} V \simeq V' \xrightarrow{\pi} \mathbb{R}^k$$ Hence for an open neighbourhood $U$ in $M$, $f^{−1}(L)\cap U$ is a codimension $k$ submanifold of $U$ (by the Regular Value Theorem). It follows that $f^{−1}(L)$ is a codimension $k$ submanifold of $M$.

my doubts are:

1) why $0$ is a regular value. My opinion is that the preimage of $0$ via the projection and the diffeomorphism in the middle is (in the non trivial case) a point of $f(M)\cap L$, but I don't see why by transversality, the rank of $f$ in a preimage of such point should be maximal.

2) where does the $U$ come from and how the Regular Value Thm is applied. In my opinion I'd conclude that the preimage of such $0$ is a submanifold, but I don't know how to prove the more general assertion in the proof (why in the proof we go from $f^{-1}$ of a point to $f^{-1}(L)$?).

thanks in advance for any help!

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1) The rank of $\pi\circ f$, not of $f$. Look at differentials. We may identify $\pi$ with its differential. The point is in showing that $\ker \pi\cap \mathrm{im}(d_pf)=0$. Once you have this you just apply the usual dimension formulas for kernel and image of a linear operator. Remember that you can use $\mathrm{rank} (\pi \circ d_pf)\le \mathrm{min}(\mathrm{rank}\pi,\mathrm{rank}d_p f)=k$.

2) Again, take care you are taking about $\pi\circ f$. Then the point is that $(\pi\circ f)^{-1}(0)=f^{-1}(L)$ (at least locally).