We not only bring experience, we may even bring resources, potential partners, and a wealth of knowledge that can be transferred to those that need it.2) The Novice Investors or Investors that can benefit from the knowledge of the Experienced Investors.The Experienced Investors brings a LOT to the table.The Novice Investors DON'T.Experienced Investors are judging whether or not to work with Novice Investors.

If less than 3 years have passed from that date you can sell that property and take the first $250K ($500K if married) of gain tax free.  

I want to do this so i can gain some experiences and make some money before moving to SFH and beyond.  

I have used a turnkey real estate company for the past four years will consistent returns in the 7% range and also invest in stocks.Fees for stocks and bonds are based on your total investment and range from 2.5-3.5% of the total investment and are paid regardless of a gain or loss. so if I have $60K to invest my fees will be $1500 at a minimum regardless if I make or loss money.Management Fees on my rentals are based only on the growth (rent).

Keep studying, learning, analyzing deals to gain knowledge.  

@Timothy Martin  I use actual MLS data - one of the benefits of being a licensed agent.Zillow's "zestimates"are notoriously bad.  

Capital gain is a little more complicated, with a pro rata share of principle received being taxed.

If you (like me) are interested in gaining "Listing Site Independence" (or LSI) you might consider joining Matt Landau's "Inner Circle" group on his Vacation Rental Marketing blog.

You won't notice the difference in megapixels and you won't have done enough to tighten the gap between what you have and the potential in a DSLR.also a DSLR won't teach you proper lighting or composition so you wont' get those benefits either. your cell phone camera is about 21mm focal length, which is nearly ideal for wide angle photography anyway.

The loan itself would be considered a "Jumbo" loan (meaning over $424k) which means Fannie Mae and Freddie Mac (conventional lenders) won't lend that high...so you cannot gain access to their renovation loan.