There are other tests, like ability to vote on major dispositions of assets of the company. 

Update - I have decided to dip my toe in to test the Contractor Waters with a small job in my residential home first (a 6x7 hall bathroom).  

Making sure your real estate is helping you accomplish your long term goals is the real test. 

By doing so you will receive indirect personal benefits from your 401k which is considered a "prohibited transaction".Here is an easy way for you for the future to test if 401k transaction would be in line with IRS rules: make sure that transaction is "arms length" which means that there is no "disqualified person" involved.

I think 2 is great, so I will most likely test 1 and 2 and see what I can get for prices.

If it passes with positive cashflow then I move on to quick test #22.

This year truly tested the following:1.

I'm new and soon will be taking my Loan Officer test to get my license.

- Property management requirements are little more strict but even passing the test, I'm still unclear on what that restriction is outside of not discriminating when advertising.Pros:- It sounds like I already need to have the knowledge of a real estate agent in order to evaluate properties, might as well have the option to sell and make extra money.

I have collected a sample and sent to a lab to test for mold.