I’ve been working on a simple underwriting tool for small investors who don’t want to spend an hour in Excel every time they look at a property.Here’s how it works:Drop in the basics (price, rent, expenses, loan terms)In 30 seconds, it spits out NOI, Cap Rate, DSCR, Cash-on-Cash, and a simple traffic-light recommendation (Green / Yellow / Red)You get a clean one-page summary you can actually use to make a quick “go/no-go” callI’m testing it out with real investors now.

What’s the minimum a partner needs to do in an LLC (owning rental property) to be considered active enough to avoid it being labeled an investment security under the Howey Test?

.- No need to adjust formulas — it’s plug-and-play.I’m currently sharing the lite version with a handful of investors to get feedback before rolling out the full release.If you’d like to test it out (and help me refine it by providing feedback), feel free to reply here or message me directly.Question for the group: What features do you find most important in a deal analyzer?

Rolled out two rolls only needed to overlap 1 foot but did a 4-foot overlap to fit this private drive.

@Andrew SteffensREPS has 2 primary tests.1) 750 hours and more than 50% of your working time.2) Material participation in your LTRs.Time that qualifies for material participation in your LTRs can also count toward time in the 750 hours and more than 50% of your working time test.The first test is generally more "inclusive" which could mean time being a realtor, property manager for others, etc. 

I did this a while ago with a few properties in WA state as a test run, and it turned into a massive headache.

The Craigslist effort will mostly be just for this month to test the numbers, as I am moving into this full time from my current job in tech and do not have the time necessary for D4D.If you have done these, do you have experience you can share with how you made it work?

Basements around here can have radon/moisture/egress challenges, so I’d test and mitigate as needed before ever housing a tenant - now or after I move out. 

I would suggest whatever you do, try to determine the history and get an accurate scope of their rent rolls.

Many investors begin by buying in affordable Midwest markets using turnkey or light value-add properties, since those can come with property management and steady rent rolls that help you learn the ropes without being overwhelmed.