The agent can:-Lose their access to MLS as this is a violation of the rules-The agent is responsible for all of your real estate activities so when you get sued so do they

I want to explore the opportunity to add additional square footage in the form of a room and/or bathroom, if possible.What are some thumb rules or guidelines to identify the feasibility of a adding a room and even a bathroom.. please advise. 

@Lue Brooks nice goal of starting with being active in the forums, reaching out to others here etc.As a matter of fact, as a fellow newbie I made a similar commitment, but since I had just read the book '10x rule' by Grant Cardone at the time, I decided to try to 10x my posts of that time (I was at 50 posts then) to 500.

There's no hard and fast rule for how long you need to hold a prop before you 1031, but most people use the one-year-and-one-day rule to minimize IRS scrutiny.There are rules and timelines to adhere to, yet another reason a QI is so crucial.

Also, if I were a tenant in a building where I had to pass a rigorous screening, with the peace of mind knowing that all my neighbors did too, and suddenly the rules were changed and my neighbor ended up being a convicted felon of a violent crime, I would be up in arms.  

@Michael ForbesIf you are not aware yet, a Roth IRA can be invested in real estate and may be a good way to continue to grow your Roth IRA tax-free funds.The rules require Roth IRA assets to be distributed in the following order: regular contributions, conversions and retirement plan rollovers, and earnings (IRC Sec. 408A(d)(4) and Treas.

@Stephanie P.While both the solo 401k and IRA rules allow for investing in real estate, you will not be able to use the property for personal use unless you take an in-kind distribution of the property.

See my blog on The Tenant PhaseTo be a successful landlord, and maintain that excitement that you had when you first began, before you knew the ropes, you have to have all this in place, and you MUST AT ALL TIMES STICK TO THE RULES OF YOUR CONTRACT, YOUR LEASE AGREEMENT.

As an investor, I don't need a license because all of the transactions I'm involved with are my own and, as you know, you can do what you want with your own properties.Great that you're making an effort to learn the rules before getting into trouble.

This is a unique situation trying to loophole around the capital gain exemption rules for personal residence.