On small balance preferred equity, rates are 15%+ so this fails that test in my opinion.

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

2) Can an MLO operate in multiple states after passing those state-specific tests?

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

I'm basically in the process of learning more about marketing and testing to see how much I can do by myself. 

Limited partner tests are not as expansive as non-limited partner tests. 

I did a small test drive, not enough for a full review. 

Make sure to follow their inspection list, the inspector checked everything on that list, testing every single plug in my property, turn on every appliance, hot water.. very thorough. 

We don't control the actions of other realtors or property managers in Toledo and unfortunately the market is known for sub par professionals.Our company has stood the test of time and we stand behind our operation.So yet again we are coming to the rescue when all/everyone else fails...I agree with Chok.DON'T BUY A HOUSE FROM OHIO CASHFLOW IF:1) You expect life changing cashflow from owning only a few properties.2) You aren't willing to do due diligence on our company, market, properties and turnkey investing.3) You expect perfection and properties fully rehabbed from top to bottom.4) You aren't willing to own 100 year old properties.5) You expect large capital gains immediately.Regarding our integrity being questioned. 1) Our property offering process is systemized to submitting 50-70% off the asking price of any new MLS listing.

FHA will undergo a self-sufficiency test for 3-4 unit properties which can make it hard to qualify for depending on the scenario.