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Being in the most expensive state of the nation, 250K now days can only get a used 1 bedroom condo.

I want to know that how much does the government charge when I sell a house out? Is there any different if I've lived there for long enough that the government doesn't consider the transaction as a investing move?

I'm living in California, so if anyone can help, it will be very kind.

Thank you very much :D

Everyone, I need some advice on buying my first property. I'm renting a 1 bedroon apartment in Sacramento, California that cost $970 per month. Next month, the rent will raise up to $1000; it's ridiculous. With this amount of money, I rather buy a house and pay as a loan payment. However, I don't have that much of money to pay the down payment. So I come up with these questions and you guys can help me out.
1) How do I qualify for the FHA loan?
2) I'm looking at a price range of $200,000 to $300,000 condo, How do I best finance this property? (my monthly payment can't exist $900 because I have to save money to pay property tax)
3) Any advises???

Hi everyone, My name is Al, I'm a 20 year-old business college student working on my first Bachelor degree. I have a lot of passion about real estate investing, and I know it is the only true way to make an American become wealthy. I don't know much about real estate except price goes up and down; however, that's my objective for joining the blog. I hope to absorb everybody's sayings and learn as much as possible. If I have any questions later, would anyone be kind and help?

Thanks alot