It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.

If the space being used is detached to the main living space, than that portion is considered investment and you could do a 1031 exchange and defer all the capital gains tax on that portion and still take the primary exemption.  

@Grady GilmanPre-approval for a house is crucial for understanding your budget, making property searches realistic, and gaining an edge in negotiations.

This includes gaining access and loading the necessary applications to control the garage door and other capabilities.The MTRs I've seen on websites only have simple photos, without a specific location.

Dropped enough to erase all your gains?

State Taxes: Some states also impose state income taxes on rental income and capital gains from the sale of property.

You get to answer questions, help people and along the way you gain a bigger perspective.

Under IRC Sec 61, Congress intends to tax all gains or undeniable accessions to wealth, clearly realized, over which taxpayers have complete dominion.Treas Reg Sec 1.61-1(a) provides that gross income includes income realized in any form, whether in money, property, or services.

Here to meet others, network and learn about real estate investing and gaining that financial freedom.

And as we close more deals, gain experience, etc. we'll move up on the list for experienced brokers?