The vast majority of your wealth gain in real estate will be by holding properties long term and the appreciation/principal paydown will slowly but surely help you become wealthy.For 90% plus of people out there who are looking to start, house hacking is the best way to go.

With the down payment you're putting down (assuming it's at best 25%) with current interest rates, you're maybe going to be scraping a couple of backs cash flow on a Class C+ property. 

To find a multi-family in Kansas City, start by networking with local wholesalers, real estate agents, and investors who understand the market.

Quote from @Henry Jay: Hello, me to real estate and look for knowledge in flipping and rental properties. 

I've also launched a residential real estate painting company.

Also, jumping into real estate straight out of high school is amazing! 

Then check off all the things you need to do to buy a property and get them done (get preapproved, find an agent, contractor, etc.) 

Fewer but better properties.

You’re in the right place, and it’s great to see your enthusiasm about getting started in real estate investing.

While gifts exceeding $18K per year (2024) require filing Form 709, they don't create an immediate tax, but the IRS may scrutinize this as tax avoidance.Tax-Saving Alternatives:Prorated Section 121 Exclusion – If you lived in the home part-time, you may qualify for partial tax exemption.1031 Exchange – If your share was an investment property, reinvesting the proceeds defers capital gains.Installment Sale – Spreading payments over time may reduce your tax bracket.Adjusted Basis Review – Factor in capital improvements and selling costs to lower taxable gains.This post does not create a CPA-Client relationship.