When you go to sell the property, if you produce a certificate of inspection for the wrong number of units, buyer unless you are giving them a great deal and they will throw caution into the wind, would insist on the correct designations.

@Anthony Angotti Correct!

I demonstrated proof and evidence backing up that everything I was saying is correct. 

if you go about the process correctly, you can break free without liability.  

Verify and double verify with the applicant that the information they have provided is correct and that all income is verified and all adults will have a background check. 

Is she correct or am I spot on?  

I believe you are correct.

Be careful following the advice of strangers on the information superhighway.My apologies, you are correct on Familial status meaning pregnancy/children, I was indeed thinking more of marital status.

There is no other way to get correct comps unless you know an agent who knows how to really run comps.

@Daniel Tanasa   Unfortunately that is not correct when it comes to mortgage debt.