With FHA loans, there is a self sufficiency test.

To get an NMLS license, you need to take relevant courses and there is a difficult test to get a NMLS license that more than half of the people fail that take it on their first try.A lender doesn't need a license to do DSCR loans in many states but if they have a NMLS license in any state then they have a license they are going to try to keep and be better educated in lending overall. 

It's rewarding and encouraging to see an experiment like this pass it's first test. 

The 10% management rate was really attractive; at that rate you can cash flow in a lot of markets and I figured I would test them out using my own house to see if it would work before buying some STRs of my own (which I’ve still yet to do).Overall, it was a pretty good experience and I’d tentatively recommend Evolve.  

Material participation test, which is (for the sake of this post) likely going to be 500 hour test (500 hours materially participating in the rental activities) Please note this "managing the property manager" or traveling out to the property to look at it or just looking at investments to buy or reviewing financials in themselves do NOT count towards those hours.

TEST 123

Test and repeat on different areas. fill hole with caulk or epoxy filler.This should be last recourse diy prayer.If you have no choice but to tear out the shower wall, that will be another topic.If you have high water pressure (above 80psi), try reducing it to 60-70psi.

Some of the work and tanks have been covered by warranty.We have a Rayne water softener installed and they are coming out in a couple of weeks to test the water.

It’s also a test to see how committed you are.

Must have been nice 😛 To qualify for the status there are two tests: 1. spend 750 hours in a real property trade or business, AND spend more then half your working time in it.