We discovered the significance of rebalancing tests—a feature often overlooked but vital for long-term success.

You can qualify for this by:Having tenants for 7 days or less at a time.Materially participate, typically with the test: You participated in the activity for more than 100 hours during the tax year, and you participated at least as much as any other individual (including individuals who didn’t own any interest in the activity) for the year.Here's a helpful article that covers material participation and other options if you don't have REPS https://www.biggerpockets.com/forums/51/topics/1198185-how-c...

FHA has self sufficiency test so will only work in nicer areas on 2 units which exempts that test.

Tracy,From what we’re seeing across DSCR deals, exit flexibility is the priority — with rent assumptions a very close second.Most investors get in trouble not on the buy… but on the refinance.How we’re stress-testing deals right now:• Underwriting rents at today’s market, not pro forma or “once stabilized” numbers• Building in larger expense buffers (insurance, taxes, management, CapEx) so the DSCR still clears at higher rates• Modeling the take-out lender before closing, not after rehab, to avoid being over-capitalized in the dealA deal can cash flow and still be a bad DSCR exit if the loan sizing doesn’t work at refi terms.The strongest deals we’re seeing are the ones where investors reverse-engineer the exit first — then decide what purchase price and rehab the deal can actually support.That mindset alone has saved investors six figures more than once.

I am currently a rookie but willing to learn, assimilate and apply the knowledge that is shared in this group.I know It's time for me to take my first steps, out to test the waters ....Nice to meet everyone!  

Circling back on this one given I'm one of those longtime Guesty for Hosts customers that is only (now) testing out Guesty Lite and testing it side by side with Hospitable.

When I can't find enough tight comps I expand to 0.75 miles and 6 months, then adjust manually for time and location.One thing I've found helpful is using multiple data sources for cross-checking.

My wife and I focus on long-term buy-and-hold investing, and I genuinely enjoy living in spreadsheets—running scenarios, stress-testing numbers, and making sure deals work on paper before they ever work in real life.

One thing that's bitten me - get soil testing done before you offer on steep lots. $40k foundation became $120k when we needed caissons instead of footings.

There are 100 ways to circumvent the testing procedures.