And if the property only needs a surface level rehab, a retail buyer is getting it with no profit potential in mind.That comes back to off-market deals, which as noted are possible, but will take a lot of time, testing many approach angles (have you knocked on doors yet?)

I passed the tests first time through, and I'd highly recommend them :) Feel free to connect and ask any questions, I did this only 1/2 a year ago so it's fresh in my mind!

Your applicant(s) fail this test; so especially in Ca I would pass and keep looking.

After that initial test, I looked at the numbers as a pure rental and made sure it covered PITI, other expenses, and of course cash flowed. 

I told him I'd give him a free, six month test drive with us to see how it went.  

Hi Weina, I recently did a direct mail mailout of about 100 hand addressed letters just to test it out.

Test the message on the postcard.

@Michael Facchini - Two more questions, what about the self-sufficiency test? 

This will be our first deal and we are testing out the waters before we jump into more.   

I tested the market by putting an ad to see if there would be any interest and I got a ton of inquires.