I was under the impression that they couldn’t represent people in an audit but they said that they definitely have represented clients in the past during audits.

Maybe a IRS Pub or Audit guide? 

Not only will it be harder to identify expenses you could have deducted, but it will also make it more likely that you get audited by the IRS.Protects your liability -- If you’ve registered as an LLC or corporation in order to limit your personal liability, your personal assets are generally protected if anyone tries to come after your business.

I feel like I could rehab the units and get the same rents or more without having the hassles of inspections, financial audits, etc.

In case of an audit, you need to have a paper trail. 

The IRS can audit you for any reason, there is always a risk.

This happened to me when a state workman's comp inspector came to audit my books for one of my businesses, complaining about various things.

He said maybe the PA department of revenue would audit me, but I could defend it because it was me to me.

You’ll need to document your intent should you be audited by the irs Good luck.

Overall the gist of the documents you sign seems to be that no, it can only be for losses incurred as part of the COVID economic disaster, and you agreed to allow an audit or inspection of your books to verify compliance.