The commission may impose a civil penalty of no more than five thousand dollars upon any unlicensed person who, after a hearing or informal resolution in accordance with all provisions of this Chapter and the Administrative Procedure Act, is found to have engaged in real estate activity without the benefit of a currently valid license having been issued by the commission pursuant to the provisions of this Chapter.

I really think there is great benefit to getting this right to start and then automating it best you can going forward.

You get tax benefits while you stay there, and if you sell after two years you pay no capital gains.

Even at 42 units now, I don't really see that benefit. 

It seems like they want all the benefits but none of the responsibilities in a renewed contract. 

I don't think age was a key factor for us, but I'm grateful that we shifted our thinking and strategy while we have time to really benefit from the fruits of cash flow and long term appreciation, but I think attitude and financial savvyiness (sp?)

You may be eligible to exclude a portion of the gain on the sale of the house.The sale of the investment property without any tax strategies will result in the following taxesYour gain will be selling price less adjusted basis(original purchase price less depreciation plus improvements). 

What are my tax benefits?

Find a partner who can benefit from your hustle and availability and get a deal done.

Well worth it but what started out as fun hanging out with friends, I ended up with complete strangers and almost feeling like a captor in my own house luckily once my girlfriend moved back I was able to take back a full paid off house and enjoy the major benefits of not having a house payment.Single Family Residence: Bought first one in 2010 at auction for 26,500.