My extensive real estate experience consists of 1 flip.I have an idea and I'd like to test the waters here in the forums.

If they pass the personal smell test, I go to step 2.2.

Self Sufficiency test is the important item for 3-4 unit FHA homes. 

I have started soil tests on 12 lots costing me a total of $5340 for the permits.

Due Diligence and Feasibility Studies - What studies or tests are essential before purchasing raw land?

Then test the market and try to elicit tenant interest.

Mailing a few thousand or fewer pieces of mail or less per month, you won't have the statistical significance to test and understand what is working vs. what isn't.

She reset her front door code and then locked up without testing that her new code worked.

This 5 year plan allows me to test multiple different strategies of REI, learning lots along the way, and help me figure out what my "niche" is.Just thinking out loud here haha but I appreciate your comments to inspire me to further think through my real estate journey!

To qualify, taxpayers must meet specific criteria demonstrating that they are real estate professionals who materially participate in their rental activities.How to Navigate the Rules:Step 1: Identify your real property trades or businessesHere is a list of activities that are considered to be a real property trade or business:RedevelopmentLeasingConversionConstructionReal property developmentReconstructionOperationRentalBrokerageManagementAcquisitionIf you participate in multiple of these activities, you may be able to combine them making it easier to meet the material participation hour requirements.Step 2: Demonstrate material participation in real property trades or businessesThere are seven tests to determine if you demonstrate material participation.