In areas with rapid and sustained appreciation, you can use the equity gained through appreciation to purchase additional properties.

I'm a newbie tooSelf education through books is a conversation between the author (mentor) and you.You'll gain knowledge, connections etc but it takes timeAttending meetups, listening to Youtube videos on subject matter further broadens knowledge base

Now, with real estate all you put out was $25k for a $100k purchase, that you got the gains/monitization from $100k. 

The mortgage is currently under my name, so I’m unsure what benefits, if any, I’d gain from using an LLC in this situation.

Guys - I am a limited partner & invest in a multi-family building passively that was sold resulting in passive gains for 2024.

At the same time, my market appreciates well so I gain significant value by holding on for the long-term.

And if you convert it to a rental you’ll be facing a $200k taxable gain. 

As you gain experience and tackle even bigger projects, you'll realize that what once seemed like a mammoth deal becomes totally doable.When it's crunch time, there is no room for improvisation.

There is no current tax on rental income and capital gains.

There is realized gains & profits, and UN-realized gains and profits.