The problem is the land was purchased prior to January 1, 2018, so it is not a qualifying asset for the asset tests under the OZ rules.

@Ibrahim Alanqar, the first thing that springs to my mind is: how will you find suitable deal/s for flipping, when you'd always be competing with cashed-up Investors/Flippers in the first place, who don't have to wait the length of time you would need to in order to close (and who therefore can get discounts easier than you, even though you'd need those same discounts), and who don't have to worry that the home may not pass the "habitable" test. 

It helps to keep in mind the exclusivity test when you make purchases. 

Then I would stress test it with what-if scenarios. 

This is exactly why I am writing this software which will allow us to test various market scenarios using monte carlo simulations for both a real estate portfolio and stocks in the same scenario.

Ladies and gents,I am currently grinding out the required hours of education with the somewhat overly optimistic goal of being at least ready to test by the end of my college semester so I can dedicate all of my time to being an agent.

@Christy Miller, as for her 2017 bmw haven't you ever test driven a vehicle?

One good test is take the monthly rent total for all units, multiply by 12.

Especially since testing your market is a huge part of starting out, I'd love to hear what you find works for you.

Each county and city has their own point of sale requirements and many of the water/sewer districts have requirements for sewer lateral tests and clearances so you need to make sure who ever helps you is aware of ALL of the paperwork that needs to be in perfect order, not just the contract.