The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.

Here's the difference between the two - a CPA typically has to have a bachelor's degree in accounting and masters level of education then pass a series of difficult accounting exams, while an accountant may have zero qualifications; this could be your local bookkeeper who learned everything on the job.There is also an Enrolled Agent.

It sounds like they use a qualification process and their process includes some financial data in a form you fill out.  

Qualification Tests Overview:50% Test: Real estate professionals must dedicate over half of their annual working time to a "real property trade or business."

That means shorter loan terms, higher qualification hurdles and floating rate or balloon components.Finding financing for multifamily properties in the 5-10 unit range typically means local banks and credit unions, or small balance commercial lenders.

If you have any questions regarding the requirements and qualifications, always feel free to reach out.

For smaller multi 5-10 many find DSCR loan to be the best in terms of ease of qualification while still keeping terms closer to what you see on a conventional loan (30 year term).

On the other hand, DSCR loan programs have become very popular mostly because no proof of income is required and the qualification is based on the cash flow of the property.

The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.

The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.