For commercial multi-family buildings (5 units and up)
"Conventional" usually means residential Agency (Fannie/Freddie/FHA/etc)
But, to answer your question, not really no. They will typically collect a "personal financial statement" to ensure you aren't broke though, and might ask for some (comparatively) light documentation to spot check it.
@Nicholas Lohr Not sure about conventional. Private Lender will not require any personal income docs.
They are probably going to want a personal Balance Sheet, Cash Flow Statement and some bank statements
@Nicholas Lohr Same experience for me as what Rick posted above. They did look at my personal financials and my credit. How much they weighed that versus the rental income, I don't know.
Chatting with the loan officer, they did want to check there were no liens, judgments, or settling debt for less than agreed - on my credit.
@Nicholas Lohr Edit: couldn't get the @ to work correctly in post above.
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