When analyzing properties, it's helpful to run a rental stress test to see if the deal can withstand unexpected challenges.

Multifamily is considered residential since people reside in the structure. it's part of contractors license law, our testing is on it and violating can and will result in punitive actions.

Doing so will help you avoid capital gains tax if you decide to sell later.Second: Test it out by renting the property for a year.

I gave it the Nickproof tug and it passed the test.

If they pass that smell test and fit our other criteria then it's usually a good fit. 

But there are other tests and if planned correctly, you don't need these two tests or even track hours the first year if your participation is substantially all hours.

Stay there one night and test it yourself.

I’m open to flipping, renting, or exploring other strategies.My mantra is to test new things “fast and cheap,” so I’ll probably begin investing locally in CT before considering otehr markets across the US. 

This allows you to test all the systems and the people involved.  

Failed septic tested properties13.