Wholesaling real estate is another way to gain experience without much capital.

I'd love to share a graded map of Cleveland which would help you gain a better understanding of the different areas and price points of each grade. 

Opportunity Zones are designated distressed areas where long-term investment and development are encouraged.3 Reasons Why You Should Invest in Opportunity ZonesDefer or Eliminate Capital Gains Tax ObligationsWhen investing in Opportunity Zones through a Qualified Opportunity Fund (QOF), you have the potential to defer your capital gains taxes.

Hope you sleep well Kai with the $1600 from which I gained nothing from.Shameful behavior.

Passive losses can only offset passive income or gain on sale from a passive activity.

In retrospect I would have spelled out the construction process more clearly in writing ahead of time.In your case the existing tenant is getting no new value so there is nothing for them to gain with this project.

CA in particular would extract a nasty tax on the gain side.  

But, since you only lived in it for a year, you will have to pay capital gains. 

These strategies allow individuals to invest in real estate with minimal down payment, gain exposure to the industry, and build capital.Good luck!

I think if you really want to gain exposure, start with lending or title work.