Instant equity gains after the build is complete, easy to manage, high demands. 

If long-term, rebuilding the home could offer substantial future gains, but keep the high construction costs and California’s permitting process in mind.Mariposa homeThis emotional project has potential as a vacation rental due to its location.

And could start making a small amount of cashflow and start gaining appreciation with an LTR.Or do we continue to save up and get a better property in a good location with the amenities we would like to offer with an STR?

Since you've lived in the apartment since 2007, you likely won’t be hit with any capital gains taxes as long as your profit is under the IRS exclusion limit ($250k for single filers or $500k for married couples).

If you ever need help, I’d love to assist you in gaining more knowledge in real estate investing and blending your construction and remodeling experience for success in this new chapter.

I'm trying to start off small and gain my way up the ladder.

They like getting their “mailbox money” and spreading out the capital gains over time.  

I don't care because I want to gain PM experience.

That USA is GAINING not LOOSING market share or dominance in?   

Being a licensed agent obviously saves me the commission loss, but I would like to at least hold more than a year to stay away from short term capital gains taxes.