@Asher M.Possible, yes but like your lender pointed out it's going to be difficult to pass the self-sufficiency test (SST) for a legal 3-4 unit property.

Hey Kenny no it's more out the money to work and if needed get personally involved right right now have 3 clients I helped raised 175k in 0% interest business funding with 12 months 0 apr and they want to get going in real estate and make modest returns not shooting for home runs 

Over time I internalized Dave’s words and made them my own; taking on nearly all the fund investor calls, building and managing the Investor Relations team and overseeing the process of raising over $80MM together.

Testing itself costs $350+, and the follow-up testing costs another $300-$400.

Test him and ask if he can give you 2-3 choices from his portfolio.If he gives you a line that this is his "best" one, or that the others are spoken for already - WALK AWAY!

I wish you would have told us the year, it makes a huge difference.Anyway, everything you mention, plus 1) get a camera run on the sewer line, 2) make sure the Elec panel is newer and sized correctly (a lot of HIs will just say if it's functional or not) 3) Foundation ( is it slab or raised?)

They also raising more capitol to cover the monthly loses which dilutes our shares.

There are 7 tests to determine if you materially participate (only need to meet one) the most commonly used tests are:1.

The truth is that if you find the right deal, you can make pretty much any market work but if you are looking for consistent deal success that narrows your options down.Some investors look for simple signs like the "Chick-Fil-A" test.

Quote from @Samuel Kim: Hello i am a doctor who wants to use cost segregation/bonus depreciation on my 9 rental houses, my home maker wife wants to meet the 750hr test to obtain real estate professional status and material participation.