In fact, it was a test question on the brokers' exam in the State of Missouri.

Oh, I forgot to mention - I had to stop driving my previous car at 379,000 miles when it could no longer pass the Calif. required smog test - forced me to spend the big bucks - $3,000 on the Explorer.

This will give you a financially efficient way to test the local market and see if it is to your liking, while optimizing the benefits of the VA loan.Here is an article you might find useful on that:  https://www.biggerpockets.com/...

honestly, if this is your first deal I would pass..... sure, you could get lucky and line up all sorts of people to advance you things, but this is 2020 - do you want to test the gods this year?  

Not sure why I would need to replace the anything if there’s no leak...shouldn’t I have to do the test first?

The issue with the neighborhood is that although you may be able to rent at the top the tenants that want to live there are willing to struggle and pay it.. their income will pass the test..

This seems to be the case more often in B to D class areas than A areas (generally I see that Section 8 rents for A areas are below market rents).From my experience, the "rent reasonableness" test is what matters for Section 8 rents, up to the FMRs, meaning the HA is going to go off of what's reasonable for the area based on comps, up to the FMRs. 

Started my classes in November of 2019 and was scheduled to take my test in March 2020 when the pandemic hit.

In general, to qualify for the Section 121 exclusion, you must meet both the ownership test and the use test.

If a property passes the bank's sniff test at 75/25 you've had a second set of eyes looking at it to help overcome some of your own bias.