And even if I do not get into the renting business I can make some profit if I decide to sell the property at some point.

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

It’s also important to distinguish between those who are genuinely advising you and those who are selling you a service or product disguised as advice.I went to my first real estate conference in Atlanta in 2005.

For example we opened buy/sell agency from being exclusive to portfolio clients now open to all.

You can get eaten alive in the Baltimore market by people selling you Class D properties "dressed up" as Class B.

He will be selling the project to buyers once completed and not interested in operating.How should I evaluate this deal from an investment point?

I feel its a bs sells pitch right?

Quote from @Laura Yelin: Hello BP'sI like Sherman...I lived there for about 3 years many years ago and still sell and rent there.It's a slow wealth building market in my opinion, not get rich quick.Mostly blue collar stable town.

Would need to know a bit more before giving a specific direction but it is usually best to hang on to your property and not sell whether you expand on it or rent it out and purchase a bigger property.  

Went and viewed about 10 properties, made an offer on one without a buyer's agent, so that the selling agent would double end the deal and they accepted a below ask offer at a time when prices were climbing.How did you finance this deal?