If I flip a property in Virginia in less than a year I know that I will have to pay capital gains tax on the federal and income tax for the state.

The big thing to be aware of is that if/when you go to sell the property, you have to pay taxes on your paper gain at the time of sale and pay depreciation recapture. 

I started with my doctor and attorney etc..they have money not gaining good returns, they would love to invest in realestate,no time, good joint venture opportunity.

Hello, Out of curiosity, if I were to sell my investment property before a year of ownership, is there any additional capital gains tax applied to the already set rate?

I would personally focus only on 3 or 4 units as you can gain scale.

I was hoping I can gain some insight on some possible strategies "to bring my talents to south beach" - Lebron James.

I understand I am not hitting the 1% rule on this property, but I am gaining experience as a landlord and so far have had a smooth transition with my inherited tenant.

The market rent I posted was as-in condition, not pro forma.After expenses I will be paying market rent for a unit I am occupying plus gaining yearly equity equal in an “up and coming” community. 

Hello everyone, I am new to the business world of real estate and wanted to know if it was best for me to get my real estate license first to gain some knowledge before going in to wholesaling and what are some suggestions on how to get started?

You will pay tax on the annual income and gains in the account.2.)