I recently sold my primary residence in Phoenix, and I am planning on turning that gain into my next real estate investment. 

I have a few CPAs and finance folks that I'm meeting with in the near future but would love to gain more info here if possible.

It will likely be at about a $60,000 gain when finally sold.

The 3 scenarios are as follows:Scenario #1: sell my condo and invest the capital gains in a market outside of California that I know well and has good cash flow.Scenario #2: refinance my condo under a conventional loan which would free up all of my VA entitlement.

I would love to gain experience and learn the business hands on.

Would love your referrals on folks you worked with and have been integral, valuable members of your team since :)- A lawyer (LLC, Lease review)- Lender (Would like to contrast with our current lender offering)- Property mgmt company (received good word on GDAA, would love your feedback / referral to additional companies). 

Good wholesalers can be a valuable resource for RE investors.

As the leasee, I dont see how you gain any advantage over simply owning it in your personal name

I am so appreciated that all of you spent so much time to address my issue and share your valuable experience and thought.

I currently have about 100k equity there.2016 capital gains income: 02016 business / gambling income: 25k2017 capital gains income: 152k2017 business / gambling income: 28kChecking account balance: 100k+Credit score: 730Investment property price range 165k - 200k.I can get letter from CPA stating I've been in the same business since 2010.I'm being told they will take either last three years of capital gains or last two years of gambling.