Once you've owned it for 5 years and lived in it for at least 2 you can sell and access that proration tax-free. 

Quote from @Ven Bud: After hearing to lot of bp episodes on negative cash flow, I have a question.I am currently living in my primary residence and planning to purchase an investment property, and obviously it is going to be a negative cashflow (bay area), but I am of the opinion that as long as the rent on the investment property is atleast going to be greater than my current primary residence mortgage it can still considered as positive cash flow investment.The investment property is going to be in a much better location (for office commute, bay area proximity) than my primary residence.

I plan to move down to Miami to be closer to more investors and a better quality of living.

I did 7 deals last year from out of state living in Austin Texas.

Also, if you haven't lived there but are a co-owner, you or your friend may not be able to avoid capital gains tax.

To give some background, I am a 21-year-old engineering graduate and just started my first salary job ($80,000+), living in Salt Lake City, UT. 

Go to www.meetup.com and find one or two groups to join near where you live.

My question: Through your own lived experience or knowledge of others, what are the most useful graduate degrees when it comes to real estate investing? 

Although I don’t have experience in house flipping yet, I’ve successfully run a construction business back home.Due to the war, my family and I had to search for a new place to live.

Many of the cities are now requiring someone to be a Local Agent in Charge if you don't live in Cuyahoga County.