I appreciate all your feedback, I began researching the topic without first reading other forums on BP so my apologies there.Ellis thank you, that is how I was understanding but felt I was understanding wrong.

@Steven Hellinger My apologies for the delayed response, I'm still getting familiar with using the BiggerPockets forums, I did not see that you replied until today.

Apologies, as I assumed you were in Georgia.

@Jeff Costa my apologies for the delay.

Apologies for the long post, but I am just incredibly excited to start this new part of my life.Thanks,Dan

Well, Miss Tisha You do owe Royal Sterling Investments LLC an apology because I was told you never kept to time and your loan was declined since you never had a contract with them.

My dad has 3 LT rental properties (one which has a huge unfinished basement and a huge old greenhouse attached that i can build 3-6units or so). he has a beginners lvl knowledge i would say of RE. but he likes new construction bc theyre brand new and will have less headache. and yes i understand it was a bunch of RE jargon haha apologies. as you can definitely tell i am just unsure of what my next step should be and im a little scared if im being honest. i dont want to make a bad decision. no i dont own my own home, i live with my famly currently. which part sounds better than real life?

No apologies at all! 

Edit: just saw your post shows it - apologies !

Hey everyone, this is my first time posting in the community, so apologies in advanced if I violate any social norms here.As I understand, selling a personal property allows for no capital gains taxes to be paid on the first 250k profit from the sale.