There's always a shortage of deals in the market, specially now.Good news is that once you gain some traction, you'll be able to buy better lists, a power dialer and even hire a VA to help you find qualified seller leads (I run a call center for Real Estate).

Grateful to be able to join this group to learn and gain knowledge from different people.

Eventually, I hope to use the knowledge I gain and the connections I make to take action and get started in the world of Real estate investing.

If you live there 2 of the last 5 years then you’ll qualify for the homeowners exemption on the capital gains but you’ll still have to pay depreciation recapture. 

Terry,Have you weighed out the pro's and con's doing a fix & flip and capital gains versus fix and hold long or short term rentals?

They require less hands-on management making them a great way to gain experience and build trust with local professionals down the line.The BRRRR strategy can be profitable but it relies heavily on trustworthy partners. 

Another option, to echo what @Andrew Steffens said, would be if you're serious about this business it might be worth your time to work with a licensed property manager to learn the ropes, gain some credibility, and figure out if this is something that's a good fit for you long term. 

0 Chance.Cmon, pay for insurance or just don't own real estate.Trying to gain an extra 2-3% ROI and risk your entire principal is just stupid.Don't be cheap, get insurance.

What would they have to gain from that?

Compromise with your parents — save up from working and then invest in a home near the college you’ll attend and house- hack it, renting out the other rooms and gaining landlord experience while earning a degree.