Sale price: $222,017 JWB Real Estate Capital helps busy professionals from across the world invest in real estate in Jacksonville, FL.

Can still use the $250k primary residence deduction per spouse on capital gains.  

So your capital gain when you sell this property will be calculate against your tax basis and not against your mortgage as many investors expect.

Quote from @Evan Haas: I'm focusing on 2-4 MF properties, but if the numbers worked for 5+ when I'm open to that too, I just am assuming I don't have the capital yet to go in that direction. 

The days we knew back-when have been sadly mostly lost, to the loss of everyone. 

Going through my real estate journey I have learned a lot, I am 24, a veteran and a graduate from Temple University,I started with aspirations of investing on a property and making a quick flip.My problem lied with fear of failing, my capital and my savings.I decided I wanted to learn the real estate market and know the ins and outs before I would make a bold choice on buying my first real estate home.

I started an automotive business on the thinnest of shoe-string budgets; way under capitalized. 

This kind of investing is usually short sighted and focused only on immediate returns without taking into considering long term vision and investment.Excellent point about trying to put Class C tenants into Class A properties and vice versa.The first one will create lots of vacancy, deferred maintenance, loss of rental income, increase in evictions etc. 

.), how litigious is your state, your own loss history/ratio as an individual investor, the carrier's overall loss ratio in a certain state/area, the deductibles you've elected, etc. 

Submitting a form D to the SEC is negligible and then each state someone is in that invests you must file a form d in that state as well which can bea  few bucks to a few hundred bucks.Where you will incur the greatest cost is raising the actual capital and marketing etc.