If you could not pass these stress tests, then you should reevaluate your portfolio.And as @Steve Vaughan stated, risky loans such as balloons, ARM's, commercial, and owner financed loans, called loans, etc. really throws a big risky monkey wrench into the overall equations.  

What is relatively new is the “mortgage stress test” where banks shall add an additional 2% on the top of the landing rate to make sure people can truly afford it.

They know they can gain back any losses with the same strategies they built their current stash, as their approach is principle-based and will stand the test of time. 

What wasn't mentioned is there are several cities in the state like San Marcos which requires a general contractor to pass the national ICC's contractor exam which can be taken at numerous testing facilities and is similar to the licensing requirement in a lot of other states.

Consider meeting the material participation tests without drive and travel time.

Rul. 8429039, provided that a two-year holding period is sufficient to ensure treatment as a tax-free exchange (all other tests being met). 

., soil tests, and DOT have green-lighted a minor subdivision, with a major to follow, for a total of six parcels.

Then sign up for all of them and give them a test drive.

I was originally aiming for London but deciding to test the waters in Brantford since it's closer to home.

I passed the test today.