Hello David, I would get my real estate license as a purchase deal you could get 2.5% of the sale possibly.

@Aja McClanahan - I think you need to get an experienced contractor/architect and maybe a zoning attorney involved. 

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Thanks a lot Jeffrey.Property Details: 2629 sqft, 4 bed, 2.5 bath on about .45 acres built in 1985 (sun room addition not counted as it was done w/o a license. 

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

I am working on getting my Realtors license and I should have it in less than a month. i just want to know how obtaining your license affected your Real Estate Investing career.

I am a practicing licensed broker with a decent size business (LLC #1), however this rental property is within (LLC #2) which has a couple other rentals in it as well...so when you say "real estate professional" I am a little unclear if my "day job" as a broker would give me this title since this property pertains to LLC #2 and is my "rental job" which is passive income, not active.We've rented the property for 2 years as originally intended, but do the fire and renovations, plus the market being higher than I ever anticipated in this area, I want to get out what I can and roll the money into a better location via a 1031 tax exchange.Thanks again for all your input!!

Would need a gate as well and I am not confident in how to price it, so I am looking for contractors that would offer an honest price and do a good job.Also, anyone have a good ballparking method for cost of these things?  

@Buddy Holmes It's more strict if you're licensed.

After purchase, The roof leaks, I contacted the village to get the information of the contractor and  they informed me the roof did not pass inspection and the roof ridge lines are collapsing and certain areas of the roof need new decking and the shingles were not installed with underlayment.