I was able to package three of them in one deal, which ended up breaking even/not profitable (A little bummed on this one since I think the buyer (an investor) won the better side of the deal in terms of gaining equity on the houses).

No capital gains for 2out of 5 years. $250,000 per married individual.  

Such clickbait using selective data point out of context to draw attention. 

Congratulations on the first rental and all the knowledge you have gained from it to set you up for the next property. 

I’m particularly interested in wholesaling and partnering with experienced investors to gain knowledge and contribute to successful projects.As someone who owns a rental property in Oklahoma and currently resides in the DC area, I strongly desire to expand my investment portfolio, especially in Florida.

@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.

House hacking is an awesome choice for starting out—it’s a great way to cover your mortgage while gaining landlord experience.

Hi Joe - For a single-member LLC, the IRS disregards the LLC as a separate tax entity which means no capital gain impact on transfer.

I host remotely too, and when I bought the house, I went through it and made a list of everything that needed attention or was close to wearing out. 

Just started a few months ago so with more reviews I’m sure I’ll gain some more revenue but it’s high end luxury fully amenitized sleeps almost 30 people (so not much more value I can add that I can think of).