Need help understanding due diligence post LOI

Hi All, I need help understanding the process post LOI. The general term that I understand is that we would do due diligence. From what I understand we would definitely need a M&A attorney who will help us review the contracts, negotiate terms with the seller, structuring the business, and draft the PSA. A friend also told me that I would need to do QoE which costs about $20k. However, I was speaking with a lender today and he said there's another kind of due diligence performed by the CPA which is not QoE and that costs $3k. I want to understand the difference between these 2. Moreover, I had spoken with a broker in the past. He had recommended that I skip QoE for smaller deals (<$2.5M) and do basic CPA due diligence as these businesses are not as complex and don't require QoE which typically not only costs more but takes a lot of time. Any help in understanding the difference and guidance/recommendation on whether I should do a QoE on a deal ($2.6M purchase price) that I am working on would be helpful.

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