I am getting ready to sell and I there will be capital gains.

Sometimes it just take a bit to gain some traction.

Have a question about Capital gains tax on a home.

You need to know how to calculate that gain. 

It sounds like you’re working on an investment strategy as of now and you’ll start to narrow in on your focus as you continue to gain insight and knowledge.If you’re looking to invest in a foreign market, having a trusted agent and property manager is crucial as is their network of trusted contractors and third-party vendors.

You'll develop some as you gain more experience, but I'd say you have a good starting point.

Your post lacks important information such as your location, typical local cap rates, , expected cap ex based on condition and what your anticipated value gain may be.

After a year or two when you move out and are getting at least $1200/month on that unit as well then you will be cash flowing nicely and will have gained a ton of experience in being a landlord and remodeling a unit.

What portion of the $500k is capital gain (or exempt from gains if this was your personal residence)?

Although I have been learning and gaining more insight for the past year.