What’s far more important than the specific strategy someone utilizes to gain an advantage as a real property investor is their (1) knowledge of real estate principles, law, and finance (2) experience and (3) capital and credit capacity. 

Refinanced in 2017 roughly to drop PMI, lower interest rate and add my then wife to the mortgage.Selling for 287k in August of 2024I know that I won't have to pay capital gains tax on the profits- my question is the profit from the sale still treated like income and taxed accordingly?

I am looking to gain as much information about the space and the steps needed in order to implement a plan into place! 

There's always going to be a limit on what you can do on your own if you want to grow your portfolio.  2nd idea-If your goal is to grow the portfolio in the short term and your unable to use a 1031 to defer capital gains I recommend you discuss with @Aaron Hickey. 

However, due to the unique calamity of the situation, we will not gain from this misfortune and will be contacting Femi to arrange to return the profit New Western made related to the deal.

However you've collected your fee since its easy to direct buyers how to buy the homes in markets where there's no barriers and hundreds are available at any given time, and the buyer feels like they accomplished something despite sitting on real estate that will never generate real gains. 

You could ABSOLUTELY leverage your salon business to gain real estate clients!!!

Long-term plan is to use gains from LP investment we made here in a few months.

Keep moving houses as you build capital gains

Faster approval, more flexible terms, and less stringent qualification criteria.Tip: Establish a solid relationship with private lenders and clearly outline your investment plan to gain their trust and secure favorable terms.