I'm quite not 100% on wether or not if I purchase my first investment property where I currently live (Virginia) (*which I will be*). should I also gain my license here since I'll have a property within Virginia.

I’ve done 1 rental property and sold it to gain capital and did 1 flip that didn’t go so well so not 100% experienced to say the least.

When investing in high cash-flow markets, I always recommend working with an investor friendly agent so you're able to gain the right insight on the different areas and the risks involved.

if there is appreciation, but you wouldn’t sell your current home tax free and buy a neighboring home to rent out, (There by raising your cost basis for additional depreciation and lower capital gains tax.) then it probably doesn’t make a good rental property. . 

And it has been gaining recognition as a vibrant, desirable place to live, especially for younger professionals and first-time buyers. 

Use depreciation on rental properties to reduce taxes further, and consider 1031 exchanges to defer capital gains taxes.

You can very quickly gain $1,000,000 doing value-add but to get to a million via saving up cash-flow..... good luck. 

Leverage your existing equity to invest in smaller properties, such as a mixed-use or retail space, to gain experience and cash flow.

Today, that building generates enough passive income to cover his annual retirement contributions.You mentioned taking the 10% penalty, which I’d only recommend as a last resort.

The buyer pays taxes on the crypto gain and the seller pays taxes on the property value gain.