If you sell it for $800k, you have a capital gain of $75k ($800k - $725k).Capital gains taz is usually lower than ordinary income tax, but since you don’t qualify for the 2 out of 5-year exemption, you’re looking at paying full capital gains taxes.

As long as you have the knowledge, drive, and a great/qualified team to work with, you can find success in most places.

Sellers often use these platforms to avoid agent fees or to test the market before formally listing.

I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Also, the structure is with interest only payments for 10 years... is that by design or is that needed to pass the minimum ratio to qualify for the loan? 

Almost all of my tenants won’t ever be able to afford or qualify to buy a house.

You still need to qualify leads, and the carrier obstructions that come and go can derail your momentum.

My section 8 tenant qualified for a mortgage 3 years later and bought the house from me.

We have run a cost seg study on the property and qualify for 80% bonus depreciation.

Planning for these expenses will give you a clearer sense of how many properties you can comfortably afford and what reserves you'll need to maintain in order to qualify to afford the property.