RE requires you to be hands-on unless you are willing to be completely passive and give up control and a lot of $$ to a manager, partner, etc.

You can qualify for the good loans, manage everything and gain great experience.I got started at your age buying a duplex and living in 1 side, renting the other. 

Hello James,I am retired USCG.I have used my VA Loan twice now and its an amazing tool to get property with very little money down and start gaining that equity.It has been amazing at how my wife and I went from being first time home buyers to now owning several properties in Oceanside.

So, you know my name, I'm from Overland Park, KS, and am looking for some passive income opportunities in the area!

If you are wanting to learn about syndication, one way to do that is to passively invest in a syndication deal.

The adjusted basis for you is the basis that you paused depreciating mentioned earlier. 2) When you converted the rented portion to personal use, there is no gain/loss or depreciation recapture, but when you dispose of the property, both depreciation ( before  personal use and after)  will be recaptured.

It was a HUD home and my intent was to rehab it, live there, and sell it 2 years later and escape the capital gains.

@Kenny Lee was the 12k profit before capital gains?

It will definitely depend on figuring out what type of real estate you want to do in order for people to help you with ideas.The first question might be do you want to be a passive investor or a more active investor?

As far as I know the same LLC would have to purchase the new property to avoid capital gains tax.