A simpler more logical qualification is definitely a plus.   

What credit score do you use as the qualification threshold?

I too received a pre-qualification in the mail and I'm interested on learning about everyone's experiences. 

After speaking with JPM Chase yesterday about pre-qualification, it seemed clear that without proof of employment or a job offer, the bank will not issue a mortgage. 

He is referring to the Real Estate Professional rules which can adjust passive losses; however, they have EXTENSIVE qualifications, therefore most do not actually qualify for it.Third, you definitely need someone qualified.

If you had enough rentals you could maintain your ability to qualify off just rentals if the income shows appropriately on your tax returns or if it's prior to a tax filing you'll use 75% of gross - PITIA Also Fix&Flip income is very difficult to use from a qualification point of view if you plan to file the income on your personal tax returns. so I hope you're not trying to use that.

@Jaysen Medhurst - thanks for the quick response and confirming some of the gut feelings i had regarding my qualifications. 

It definitely depends on the market, the rental, the price, and your own renter qualifications.

If it's a larger organization, feel free to inquire about their different staff qualifications.2.

If it's a larger organization, feel free to inquire about their staff qualifications.2.