It's long-term capital gains if you owned for over a year and are taxed at 0 percent, 15 percent or 20 percent depending on your tax bracket. 

The equity gains from our renovations in year one.

While I have gained substantial knowledge from books and podcasts, I am now seeking a mentor in the area to guide us through this journey.

On the other hand, if you are looking for people that just give you money and you run the deal (limited partners, aka passive investors) that is an entirely different ball game.

It is more about whether you gain value for having the property management and their cost.A number of years ago, a property we managed was sold to a person who was a stock broker and he was going to manage it himself. 

Hi BiggerPockets, I'm an EE or ECE (Electrical Engineer or Electrical Computer Engineer) with a background in computers and electronics, as well as some software such as C++, Python, MATLAB.I've dabbled with software such AutoCAD for drafting in 2D, not in 3D yet, though.Subscribed to IEEE Magazine, Electrical Contractor Magazine, for both electronics and contracting know how.How to best get my career in real estate started to make passive income?

The equity gained during that time from being in a high appreciation market, combined with not having much rent and being able to save for a down payment on property #2, was truly life changing and totally worth it. 

As you gain experience, you'll have time to think about long-term goals and develop a plan to get you where you want to go.

Hi-I have money to invest;-I invest longterm in the stock market, REITS and I'm looking to diversify;-Interested in real estate investing that is passive and remote/long distance;-I live in Dominican Republic but I travel;- I want more knowledge about how to filter the passive strategies to find a trustable team: syndication, crowdfunding, turnkey. 

No option but to sell to stop hemorrhaging...After selling can I deduct losses (including passive losses) against other capital gains or ordinary income by 3K?