I didn't know he had a mentorship but I wanted in. I

As others have pointed out,You can only take the section 121 exclusion for the unit that you live in - If the 'allocated gain' to your unit is less than $250,000 / $500,000(married filing joint), you don't pay capital gains tax on the unit you lived in.However, the unit that you did not live in is not eligible for section 121 exclusion.

The question regardless of what market you're in is: "How do I add value?"

As others have stated, it seems a little incredulous that it appraised at 150k is livable and your after repair value with only 30k put in is going to be 240k, especially since most of the work you have mentioned (plumbing, gas line, windows) are unlikely to give back more in appraised value than the replacement cost (and with windows likely give back less).

Something I am currently interested as well.4BR/3BA SFH (possibly smaller if the numbers make sense)Between Kissimmee & Lake Nona area (not something like pine hills)30-45 minutes to Disney & tourist areaNo HOA or low HOAMust allow a short term rental (open to long term rental if the numbers make sense)Last property I was interested in, I found out that it only allowed 7 month leases for rentals.

Rafael When doing research on potential areas to invest in, I would first decide whether you want appreciation, cashflow, or a mix of both.

Their investments were apartment complexes, self storage, car washes real estate debt funds where you could choose which fund you wanted to invest in. I

Now that the rehab is complete, there's some equity in the property, and I'm moving in, I can't help but wonder if it's smart to take this time to do something on the side to pay down my mortgage faster or start educating myself on screening tenants and doing my due diligence.

But I also have 100k I can put 20%-25% down on investment properties I would not live in. Is

Hi Steve, Thanks for writing in. I