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

Consider the "2 of the last 5 year rule" to avoid capital gains. 

I'm trying to learn and gain confidence for when I'm ready!

We lived in the property for 2 years and rented for 2 years to tenants, so by selling now, we ensured that we could avoid capital gains taxes.

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

The 2 year mark would save you on taxes, if you have a gain within 5 years, but it seems like you're in this for the long haul.Some advice for screening tenants.

As I continue to gain more knowledge, I am intrigued by the opportunities that real estate investing can afford while on active duty. 

The insights I’ve gained so far have been invaluable, and I’m eager to expand my network and grow alongside other professionals in the field.

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

It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.