I actually just am getting approved for lending again and I used my quickbooks report as part of the preapproval package they look very professional.

As @Jim K. stated to many human elements come into play you cant control.. and its one reason I am so bullish these days on new construction its easier to manage costs and I don't have to compete with all the wanna be wholesalers out there..

There is an element specifically addressing the Qualified Trade or Business definition.Doesn't sound at all auspicious for most rental real estate landlords. 

I am putting together a comprehensive package for developers that shows the potential for both commercial retail (since most major grocery stores, restaurants, mall, Hospital, attractions are 12 to 21 miles away (the airport is 6 or 7 miles away) and subdivision as the land has plenty of frontage and is on county water.   

On the east coast you can't not deal with people who have 300-400 plus SFR's and even here it's tricky to find a good buyer to unload a ~10+ unit package too. 

I would consider knocking the property down and building a home for myself to live in when all is said and done, so I know that adds a different element to it. 

Have you ever received a due dilligence package from them beyond an appraisal?

With the class properly assigned to each expense and income transaction, you get a solid bookkeeping package.  

He is an older gentleman and this sale is part of his retirement package plans.

I love the package idea.