He just looked at me square and asked "You have been doing this for so long - why don't you just go test for your own GC license?"

Also, you'll need to know if the property is "buildable" - which requires a soil test and more. 

There is a four-part Howey test for securities that you're welcome to Google and find all the nitty-gritty details about, but here are the salient elements:It is an investment of moneyThere is an expectation of profits from the investmentThe investment of money is in a common enterpriseAny profit comes from the efforts of a promoter or third partyThe details of this can get quite technical if you're dealing with operating companies or exotic SPV-live constructs. 

I am going to begin testing it out myself just wanted to check in with anyone with experience with the platform as well.

Obviously, we have perc tests, soil samples, environmental studies, etc, we just need to know what steps to take to properly make this work. 

And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.

So far all that have taken the test (and scored highly) are excellent tenants.

But if it will handle stress testing and still perform well then no need to do a 1031. 

These funds must be from your own sources -- gifts are not allowed.2) the property must pass a "self-sufficiency test". 75% of the market rents on all units (even the one you're going to live in) must equal or exceed the PITI.

Before you spend the $500+ on an inspection, radon test, etc. you should know how to "eyeball" a potential property and come up with a ballpark for essential repairs before making an offer.Almost all of my offers have an inspection contingency, so if you're serious enough about the property to spend on the inspection but it comes back looking extra awful, you can always cancel the contract.I would suggest that you keep the inspection contingency short, though, say 3-5 days, so the seller won't worry that you're trying to tie up their property forever.I've seen cases where sellers have selected lower "cash now, no contingencies" type offers over higher ones with long lists of contingencies, financing delays, etc.