Many of them are DSCR-based, and at the MLS price it may not pass the DSCR test.

The other concern I have for 3-4 unit properties is the self sufficiency test.

Two other things: - Really do your due diligence (inspections, test plumbing & electrical prior to closing, etc..)

So I recommend confirming some of these items which don't pass the smell test. 

In TX, there are classes and a test. 

You could always have a roofer do a core test ( cut a hole in roof to find out how many layers and depth of insulation.

Being here in SOCAL I think that prices are just overly expensive and anything I look at never passes the 2 percent or 50 percent test.

I hired a neighbor to clean the place, and I posted it for rent for $1,050-just to test the market.

They should be as objective as possible, though.Re: tying up a property:  This should be done saying you can write up an LOI and will issue a formal purchase contract once the building has passed your initial underwriting tests or not... it kinda depends on the situation.

I'm studying the pre-license course now and plan on taking the test march/April.