If it is a private money/ commercial style  lender, it is a relatively simple process.

Given the scope of your work, a simple plumbing leak would not concern me, it's a $200 issue at the most and ideally, it's just another line item when you do rough in plumbing for the kitchen.Being in a Milwaukee suburb, I am guessing it's a 1960s ranch, probably with galvanized plumbing.

simple question to ask, are investor dividends being paid out of net operating income or reserves? 

Other than that, you can prepare a simple notice letting them know that you thank them for applying, however they did not meet the criteria, and you can choose to tell them it was based off of their credit, and or background or simply just say that the minimum requirements were not met. 

Eric, I hope that wasn't too simple of an answer. 

I'm quickly learning that getting a mortgage isn't a simple task.

Costs for a CPA may range from $800–$1,500 annually, reflecting the added complexity of self-employment and rental property filings.While DIY tax filing can work for simple W-2 income, rental properties, LLCs, and self-employment income introduce complexities that make a CPA valuable.

Negotiation tip #47, make it as simple as possible for the other party to accept your terms.

, I really need to keep it simple and minimize risk since I live abroad.

You can too, without being a wholesaler or an agent.You can walk into a mall to a jewelry store and buy gold, which is simple, but you pay a huge markup.