I haven't lived in it long enough to be exempt from capital gains, good point on that.

Be sure to pay attention to anticipated ARV and max LTV on the refinance, as well as seasoning requirements - this is where I usually see people run into problems.

Some thoughts to consider:If you sell now, you are unlikely to pay capital gains taxes as your first 250k (500k if married and filling jointly) aren't reported.Doing your first rental remotely is undesirable without 1.)

Investing close to home allows you to gain hands-on experience, learn the ropes, and be more involved in the day-to-day.

I had an experience with a terrible tenant who reported me for a bogus claim but by making the claim it allowed me to gain access needed to get photos of the condition of the property, and then the tenant refused to allow maintenance people in which really helped prove my side of the situation.If possible, explore alternative dispute resolution options like offering the tenants a cash-for-keys agreement.

Gains within this account are tax-free if rules are followed, but avoid prohibited transactions to maintain account integrity.

What are the issues to pay attention to in Kansas City?

That's where most should be focusing their attention.

I’m new to the field, but I’m eager to learn, connect, and grow with like-minded individuals who have experience or are also just starting out.I’ve always been drawn to entrepreneurship, and wholesaling real estate caught my attention as a great way to build a business while helping others find investment opportunities.

After five years you'll have earned $90,000 in rent income and gained $34,000 in appreciation.Buy four houses with $50,000 down on each.