The growth that comes from the knowledge gained through classes, conferences, and networking with industry professionals is far more beneficial than occasional referrals.

This is found in areas that are gaining in net job creation.  

I definitely would like to connect to gain a bit of insight. 

I'm saavy enough to know that I don't know enough yet as to what would be the best use of these assets to grow my portfolio and really begin to snowball the passive income, leverage and appreciation. 

The capital gain, $100k, is taxed at capital gain rates.The $36,360 in depreciation recapture is added to and taxed as ordinary income (No ss/med tax) up to a max rate of 25%….since it was deducted from your ordinary income as you claimed it each year.  

My plan is investing in Alabama only, gain tax advantages(offset W2), try maintain anonymity as much as possible.

This can help you objectively compare different markets and make a more informed decision.Also, networking with local real estate professionals or joining investor groups in your target markets can provide valuable insights and help you gain a better understanding of each market's nuances.Would you like more specific insights into the Oklahoma City/Tulsa real estate market?

My income is nearly half what it used to be but steadily getting back closer through semi passive income and not 1000miles away from home.           

The seller will have capital gains when you exercise the option.

I currently work a full time job, but my wife and I are hoping to diversify our assets through real estate and hopefully have (relatively) passive income for later in life.