A couple of paragraphs doesn't leave room to expalin all of "how it works".

Finding you guys who are focused and determined to make it work makes me feel better about leaving my "regular" job to be a full time investor.Now is the time to buy and hold, so make sure you look at my deals!

Is it better for him to sell it now before the 2 out of the last 5 years requirement expires (for the capital gains exclusion) or to just leave it as a rental and sell it much later after he's gone with a stepped up basis.

I really look forward to investing after I leave the learning stage of the game.

That leaves you room for error and room for a quick sale in case something unforseen happens.Fourth, make sure you have everybody involved to get the deal done correctly.

If this thread actually had a good discussion of where to find land or where to find information about trends, I'd leave it open.

The concept is to not glean the field and leave enough of the crop so as to make it attractive to passerbys.

A bad manager can allow problem tenants in and cause the good ones to leave the park.

Make sure you have a percentage (usually 20%) set aside from your rent for overhead like when the condo isn't rented after a tenant leaves (unrented days), repairs, HOA dues, utilities you pay, condo assessments, etc.

It is a little on the vague side as far as leaving out calculations for NOI, ROI, etc, but it does tell you all you need to know from a broad perspective.