If you had sold it a year ago, you could have taken the homestead deduction and paid zero capital gains on the increase in value.  

Are you looking to work closely with said partner to gain experience and know-how?  

One is focused on real estate and its all military folks and vets (I'm active duty Navy) and the other one is focused on being well rounded, while also building wealth and passive income.

The good news is that once you gain some traction you can hire a VA to help with the initial calls (either part time or full ). 

This will allow you to gain valuable experience without overwhelming yourself.Understand the Market: Take the time to research the Houston market thoroughly.

This adds to our bottom lineThe environment gains - and by extension, ALL OF US - since waste & excess literally drop off of a cliff.

Long term capital gain isn't bad. 

It wasn’t a huge payday—$5,000—but what I gained from the experience was far more valuable than the check.It started when I got a lead from an older woman who owned a house in New Hampshire but lived in Maine.

This means the portion of the gain from that time is not eligible for the exclusion and will be taxed.

I'm in my gaining knowledge and setting up my foundation phase and currently focusing my efforts on wholesaling with a goal of moving to flips.Excited to learn and connect with you all!