I'll double check with a few tax strategists we work with and update this thread if I hear different. 

Here are a few suggestions on how you can maximize the wealth of information available: Check out the blogs and podcasts, or take advantage of the search feature (magnifying glass).

Had a quick question.I purchased the property for $500K about 10 years agoI'm selling the property for $575K with the Fire DamageI received an insurance check of $380K for the fire damage.After Paying off the Mortgage + Escrow + Realtor Fee's, I'll be left with about $150K.My question is will I get taxed on this $150K?

that will tell a lot.. the mastermind i went to you had to prove how many deals you were doing they checked you out and you had to be invited... and there definitely was some of the top players in the industry there and quite a few that we know on BP as top providers in their space be it turn key  financing and wholesaling and also those that sell coaching.. ( which most on BP dont care for frankly)

Check out Brian's book The Hands-off Investor on sale THIS WEEKEND for Black Friday.

I am also interested in checking out Rentrange. 

You can also check meetup.com or search Facebook for real estate investment groups, clubs, or meetings in your area.

For cash flow, I'd recommend checking out the Triad (Greensboro, Winston-Salem, High Point) or Fayetteville in NC and Sumter and Florence in SC. 

Just be sure to check local regulations because some spots are cracking down on STRs.

@Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction?