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!

And if you lived out there and could self manage, maybe you're making 200/mo even.From a return standpoint, even at break even, you're gaining 8k a year in depreciation to offset against regular income so maybe 2k there. 

Psychologically, we're more in distress with losses than we are in euphoria with gains.

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.

It’s the best Ever, really you gain more in Pace than any other community.

Are they as passive as I have heard about?

They are starting passive pockets which appears geared toward passive investments.