The biggest gains come from going all-in on one market and really getting to know it inside and out.

After two years your only profit will be the education you gained. 

Managing a property hours away can be challenging if any issues arise, but having a third-party property management company could help handle those situations and make things more manageable.I think you are in the right place to gain some insight on what would make you successful. 

Figure out the state and federal capital gains tax and depreciation recapture after selling costs.

Net Sale - Is the contract price, minus the closing costs and commissions.adjust cost basis - net sale = net gainYour gain is made up of profit and depreciation recapture.

I think you will gain a lot there. 

I have been fortunate to meet two of those individuals and gained a mentor.

Capitalize renovation costs to increase the property’s basis and reduce future taxable gains.

Thus, my main goal joining this forum is to try to gain confidence in the decision to get into real estate investment and better understand the risks that I may not be considering due to my lack of experience in the field.

Was able to gain some leverage prior to negotiating which resulting in a great outcome What was the outcome?