Since you lived there more than 2 years in the past 5 most, if not all, of your capital gains should be tax free.  

In addition to that, here are a few pieces of advice that might help you on your journey:Wholesaling as a Launchpad: Wholesaling can be a great way to generate capital and gain valuable experience in the market without the need for significant upfront investment.

We keep the main house separate by locking the door between the bedroom and our living area, so guests only have access to their room.

If I were to answer my own question - I'd say focus on flipping properties while you're young since it will give you a higher ROI and capital gains. 

This is how you grow your network, gain knowlage. 

Where you hoping to flip or keep for passive gain? 

Great to hear that you’re focusing on small multifamily properties as a starting point; they can offer great cash flow and help you gain valuable experience as you scale into larger investments.

Put $500-$1k on 5-10 of them and hope one of the get you 300-1000% gains-- you still may be in a loss. 

If you or anyone here can put close to $500 down and give me a certain percentage on a couple of deals you do I could give you access to the whole program. 

I'm hoping some 1031 exchange experts might know if it's possible to defer capital gains in this situation: I want to sell several  properties owned by a 3 member (all family) LLC (LLC-A) and sell one property owned by another LLC with different but overlapping membership (LLC-B).Buy a much larger property that would be partially owned by LLC-A and partially owned by LLC-BThe new property is one tax parcel with two addresses.