Gains within this account are tax-free if rules are followed, but avoid prohibited transactions to maintain account integrity.

The insights I’ve gained so far have been invaluable, and I’m eager to expand my network and grow alongside other professionals in the field.

Thank you for your insight Brian!  

Starting with an owner-occupied duplex is a smart way to build equity and gain experience.

Consider the "2 of the last 5 year rule" to avoid capital gains.

You get a deduction for the contribution, the gains grow tax-free and as long as you use the proceeds for health-related expenses the funds come out tax free as well. 

I’d love to hear your insights or experiences managing properties with similar setups in Pittsburgh.

The great thing about living in a high cost of living area is that your salary / wages are hopefully also very high.If you are a new college grad, I would focus the next 1-3 years on increasing your salary as much as possible(gain new skills, new certifications, change employers, etc).Once you make more money, you can easily get in a position to buy a property on a more frequent basis.Best of luck!

Net Sale - Is the contract price, minus the closing costs and commissions.adjust cost basis - net sale = net gainYour gain is made up of profit and depreciation recapture.

A reliable property manager and CPA are worth their weight in gold, especially when you’re managing remotely.If you’d like to chat more about what’s worked for my clients or have questions about specific markets, I’m always happy to share insights.