Real estate is all about learning as you go and playing the long game.

I'm not too sure about a Captains tax, for that I would refer you to your local seaman :)Kidding aside, yeah that's fine, assuming you meet the other requirements of Sec. 121 such as not having utilized the exclusion during the two-year period prior to the sale of the property in question, among others.

Want to say a general and huge Thank you to these forums, even before being a "professional" of the industry, this was somewhere I enjoyed posting and meeting people when I had my W2, and continues to be the "benchmark" in the industry for me. 

Nashville is only about an hour away from Clarksville, so you will meet people from both cities.

The long game is definitely where it's at! 

and down to meet up for a happy hour drink? 

Hey @Michael Hooper, I actually just spoke with someone at a local meet up and they were saying they were moving to this strategy.

I’m looking to continue buying in Las Vegas and am interested in the mid term renal game. 

Like Eric said, investing is the long game.

REI Central is an excellent in-person meetup to meet other RE investors.