Some are basically renting out bed space and require tenants to sign an agreement to stay clean, and be tested upon request, with failing the test potentially leading to immediate eviction.

And a refinance will have fees attached to it which makes this even less attractive.3) Just because you are not a professional test doesn’t mean you can’t add value.

If you aren't actively participating (7 tests, you need to meet 1) in the syndicate, with REPS status or without, this would be very challenging, for the reason mentioned by other tax pros above.

And in reality, while I have never had to test the strength of my LLC, if you are being sued, any half decent attorney will try to pierce your corporate veil anyways and try to get to you personally anyways.  

Rental income that is treated as business income, can be converted to non-passive income if one of the 7 material participation test are met and the taxpayer qualifies for Real Estate Professional Status. 

We’d be happy to chat and even set you up with a risk-free test drive if it feels like a good fit!

Estimates are great, but I will often do multiple estimates of the same thing to stress-test the deal.

Sometimes, it's just better marketing (aerial photos, standard photos, survey) and sometimes it's doing perc tests and getting it build-read for a developer.I hope that helps.

You fail that test as well. 

Why not be the Guinea pig and test it out for us and let us know how it goes.