One is a law test and another one is a trade test.

I’d love to be a test subject for you all and provide feedback.

This is the same problem that my house hacker clients are running into in Colorado Springs. 3 and 4 unit homes will not pass the self sufficiency test for a 3.5-5% down FHA loan.

Never Buy anything unseen and un tested run away. 

Both prop stream and radar have 3 day free trials to test drive.

@George RedHowey test is the best way to determine if it is a security and thus either need to file with security or do an exemption like a 506cIt’s basically 4 parts:An investment of moneyIn a common enterpriseWith the expectation of profitTo be derived from the efforts of othershttps://www.investopedia.com/terms/h/howey-test.aspSo in a jv is one person finds the asset and one renovated it or both are acting in some capacity and making decisions - then you could consider a jv, but if one is a money partner and that’s it then the profit is due to the efforts of others Not an attorney

However, I would like to put these "rules of thumbs" to test on a sample property and get your feedback.

He also told me if we ever see anything in our policies talking about mold remediation for say $4,500 then it's just to help cover the cost of the test, not to rid of it.

I think many sellers are "testing" waters with listed properties right now.  

@Pawnce Philip,If you click the link in my first post, the Onedrive location should still be accessible as I just tested it, however if not, here is the link again.