That's test 1. 

Obviously we haven't held for even a full year, but an exchange intermediary told me there is no bright line test for holding.     

Overlooking Minor Repairs: Small issues like broken window locks, missing handrails, or leaky faucets can lead to inspection failures.Incomplete Documentation: Always have the necessary permits and contractor receipts for renovations and repairs.Neglecting Lead-Based Paint Testing: If your property was built before 1978, it may contain lead paint.

Before contracting on the lot, you should check with the local municipality to verify building requirements, current code requirements, list of required documents, surveys, soil tests, engineered plans, etc.Once you have identified your lot and finalized your estimate its time to build.You or your GC will get the permits.For the final build, there are 2 ways to build, as either a cost plus, or fixed price project.Hope this helps, let me know if you have additional questions.

Hehe, I just tested in on our lake house.

Absolutely I would not spend $$ on a cookbook, not everyone cooks, and it will likely just go in the trash.Also, the first few months are when tenants are in the testing phase, so this isn't the time to show them you are a softy, it's the time to go strictly by the lease, and this is a professional relationship. 

The noise from upstairs is annoying so next time I'd do more testing of the quality of soundproofing in the ceiling (older home so wasn't as good).

Although there are technically 7 ways to pass this test, usually only two of them are useful in the STR context:A.

Originally posted by @Darius Ogloza:Simple test. 

WA, for example, requires that you take 20 hours of state-sponsored classes and pass a state-sponsored test.