Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.

Hey BiggerPockets Community,I’ve been investing in co-living real estate since 2020, and over the years, I’ve met countless investors who get their first deal (or maybe their second)… and then stop.They don’t stop because they want to—they stop because they hit a wall.Somewhere between Property #1 and Property #3, investors often find themselves stuck, unable to scale the way they originally envisioned.

In the unlikely event that you are the exception that proves the rule, the rare 18 year old who can actually generate a serious income by wholesaling real estate, your day to day will look like the following: - You will door knock, cold call, send mailers, and otherwise create lists of people who are in the most desperate moments of their lives. 

You can also do a live in flip where you use the equity to sell and reinvest down the road.

Even if the sponsor lacking knowledge and experience can raise capital through syndication, their life will become a living nightmare of lawsuits, hostile social media posts, public ridicule, accusations, legal threats.  

He's lived in Japan a few years as well (Fukuoka, I believe).

@Benjamin Goodman gives a good example referencing live in flips. 

I too live in Asheville, so Sapphire was closer than Cashiers and Highlands.

The loan is with you, not with your tenant, so none of that means anything to them - in fact because you live in one unit and it's under 4, if you were self-managing you don't even have to abide by fair housing laws (at least on the federal level). 

Split the $20 to buy yourself lunch and dinnerIf you are on the road, daily per-diem should cover a lot of your day to date living costs.If they send you on the road, you can potentially airbnb your house.Best of luck!