If it is anything like Cedar in Provo, what is going to get you in trouble with that type of investment (student housing) is the amount of vehicles parked there. 

EVERY successful real estate investor I’ve spoken with has told me that it can be a fantastic wealth building vehicle.

I have been doing a lot of reading and research recently in the area of real estate, and using this as a vehicle to achieve Financial Independence. 

I own and drive a vehicle in Oakland.

If you are playing the long game, BRRRR can be a great cash flowing vehicle.

Would that be considered capital gains and if so could I cash out on other vehicles, campers, ATV's, boats, etc. that are worth much more than I purchased them for?  

They are considered vehicles here in California and you park them in a park and pay space rent on top of your purchase price.

Beats blowing it on a better vehicle or letting it sit in the bank while I watch television and turn into a zombie.

I believe the market in Downtown Fort Lauderdale will continue to be be very lucrative for rents and will only continue to appreciate, but at what rate is anyone's guess.So the dilemma is whether to save approximately $25,000 in capital gain tax alone by selling this year and finding a better investment vehicle for the profit without the time crunch of a 1031 exchange,  or count on the long-term appreciationThanks in advance for any advice. 

I think they are a horrible vehicle for building wealth.