MLS has it as a single family residence, 3 bedroom, 1.5 baths (actually has 2.5 baths), approx 1500+ sqft, 9k+ lot size, 2 car garage, back yard. 

I own a good size portfolio there.

We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.

Seeing as they have full utilities and stick built, they should be categorized as real property and have good value for their size.

Sometimes, depending on the size of the loan request a board approval is required which could delay the process further depending on how often the board meets. 

Home was nice 4 Bed 3Bth under $550K with a decent size lot/yard and it only required 5% down as a New primary.Now I am not sure how big of a home you need but as you can see $100K covers much more in a scenario like that one above. 

@Mike Lambert That is highly dependent on a multitude of factors like size/luxury class/location/housing type/owner restrictions/etc.

Where are you doing most of your multi-family investing and what size properties?

Gross profit is interesting because it appears to just be the difference in his acquisition and sales price and fails to take into account the other obvious cost of running that business which includes, again according to him, the cost of over 26,000 letter print, mail, post, and the cost of the lists needed to create a mailer of that size. 

This size fee is a red flag to lenders, they look for 1% so that is what they put on the closing statement.