If you were going to focus your time on learning something, I'd say getting familiar with a bookkeeping platform (like Quickbooks Online) would be the best bang for your buck.

This is a physical asset, not paper, and it's providing consistent income.Albeit for your not understanding tax laws and depreciation, I'm wondering why there's a question as to what you should keep.You understand capital gains, but I'm pretty sure you're not familiar with depreciation and loan paydown.

I'm not familiar with the area, so could you share what your value expectation is on this? 

It will familiarize you with the basic terminology and benefits.

Hey @Bien Nguyen, so I am not familiar with either area, but I ran the Clearwater Florida tax estimator on a 500k purchase which yielded an estimated $8192.https://www.pcpao.gov/how-do-i/estimate-property-taxesYou can plug in an address a well which should give you a more accurate view.

Depending on the state, you have to take certain steps before eviction process can proceed.Read up on the state landlord/tenant laws and become very familiar with for future.

Quote from @Michael Almand: I would like to become more familiar with estimating the cost of repairs and filling out a detailed scope of work.

This is for a house that sits on a small hill in the city so it would need to be someone also familiar with getting the right permits to do so in San Francisco.

Get Familiar with Financing: Educate yourself about different financing options available for commercial properties, including conventional loans, hard money lenders, or seller financing.

I am familiar with class A, B, or C properties but not markets.