Currently I own a small property on Sheridan Ave and I am testing the waters for more investment .

It also gives the purpose and nature of a security so a mortgage that does not meet the tests is then not a security.

I have tested both routes and have had infinite more success using a real estate agent on the MLS.

I mean my goal is to live there, but after I finish rehabbing the home if the appraisal comes back high I want the option to atleast test the waters.

Time lines and budgets are always tested on every investment but we all get better with each successful project.

I don't sell the tenants at all, I am looking for them to sell me on why they would be a good tenant.I pre-qualify them on the phone and usually rent to 1/2 or 1/3 people I meet once they pass my phone test.

This will allow me to test the waters and, who knows, I may get lucky with a quick sale.

Obviously this was started by some guru type as a spin off thinking that if you're not a Realtor, it's OK to do it.All lenders will accept an option that was paid as a credit to a down payment if the option passes the smell test.

They test landlords and sellers (Realtors) to see if they are in compliance with regulations.They might hand you the money, get a receipt and call you later to cancel the application, so know how long they have to cancel, if they can, and be entitled to all monies back.

Thanks Charles cnbc.com This is just a test.