Finally, network with other investors and start small to gain experience.

I will continue my due diligence process and you both have helped me gain more confidence with my decision to start working with Praxis.

The new data shows that a number of Austin suburbs with at least 5,000 people logged big gains: Dripping Springs (23.3%), Liberty Hill (14.9%), Georgetown (10.6%), Kyle (9%) and Leander (7.6%).

The real life experience is the best option for learning and gaining the knowledge you need. 

Remember, thinking long-term and taking imperfect action is key to building wealth and gaining experience.Good luck!

Are you trying to hand your “friend” a 50% taxable gain that you’re going to keep?

Does it outweigh paying the capital gains tax?

ESPECIALLY if you’ve lived in any of them 2 of the last 5 years and can take the tax free gain. 

My best advice would be to begin networking as much as possible and find a mentor.You've already taken the first step which is gaining knowledge.

Start small with a single property to learn the process and scale as you gain experience.This post does not create a CPA-Client relationship.