I certainly expect to make mistakes, but hope to minimize through mentorship from others, and what knowledge I have gained through appraisal experience. 

If you or anyone you know might be interested in helping me gain experience/knowledge in property management in exchange free work, please reach out. 

In a redemption event the [new] investor/owner does not get to make a gain they get to be made whole. 

A 2-4 unit as highlighted by others above is a great way to reduce costs of living, gain equity, and eventually move on while retaining the asset for cash flow.

If he sells he wouldnt be subject to capital gains?

In it’s most basic definition Buy - Purchase a propertyRehab - Value-add with renovations and rehab things that need to be fixedRent - Find tenants to pay your mortgage (and maybe some cash flow)Refinance - Once the property’s value appreciates from rehab and reappraises for more than you purchased it for plus renos, you can use that gained equity to do a cash out refi.

The obvious point of the clocking of posts is that people don't just show up on a platform to post about a product without something to gain.

Los Angeles is not the only place to gain appreciation - although it is really good - but you pay for it...Anyway, I have stories about people who focused on rentals before buying their primary home and they've done great.

In this case, delaying recording is risky because another party might record a claim first, gaining priority.The risk mainly arises if the seller attempts to resell the property, which is generally unlikely because most sellers are unaware they still have this ability when the deed remains unrecorded.

Next year with my pension only I am in the 22% tax bracket but also will have more passive deductions with 2 properties, REP status and cost segregation on both.