But that will cover the sniff test  and then you can decide.As others have mentioned unless things have radically changed in Memhpis a 140k house is a pretty good area and good house and should rent for that 1200 number.. or more  not 950.. that's the first problem with your math.

You can get a little kit from Home Depot and test it.

Once that is complete, you will then be required to get testing done as well as fingerprinting and selecting your Broker to hand your license. 

The determination of whether an activity is “regularly carried on” is generally a fact and circumstances test and is based on the particular facts of the transaction or set of transactions during the year.

I’m in Arizona and I’m looking into a home that may have lead based paint, built in 1961 but not tested, I’ve heard about getting a home certified for lead/removing it.

I have 21 years in DOD/USAF, 7 of which was doing Logistic, Test Management, and Program Management of Multi-Million dollar acquisition, product support, and integration/modifications of a vast range of different Programs for the USAF. 

It took me about a week to get my license, start to finish- education, testing, forms, etc.

If OP elects de minimis safe harbor ("DMSH"), he's going to have to capitalize as the expenditure is going to be more than $2,500.If OP forgoes the DMSH and instead applies the Betterment, Adaptation, and Restoration tests ("BAR tests") under the tangible property regs, we'd almost certainly have a betterment and/or restoration of the HVAC subsystem on our hands, so we'd also capitalize under this option.OP may be able to use the safe harbor for small taxpayers ("SHST") to expense the costs, however not enough information was given by OP.If SHST is off the table due to limitation, then must capitalize. 

Inspection report tests prove it is in fact black mold but bc its in the corner and the connecting wall is finished we cant see if its spread. 2.

how to test this idea?