The capital gains tax rate on the sale of personal property you held less than one year is the same as your marginal income tax bracket rate.

Here I am; I've had rentals in the past and didn't know what I was doing and ended up selling the properties....mistake.I'm here to learn as much as I can so I'm not making mistakes, you'll see me in webinars, on the forums asking questions and overall trying to gain the knowledge necessary to not loose money in real estate investing. 

You can gain experience in chatting with potential sellers - no one is born with this skill, it is manufactured by you.

It takes me about 3 hours to do the work, and the reason I have the time to do it is because I don't participate in the world of gainful employment, which is more commonly known as Job. 

I'm happy to be here and looking forward to gaining knowledge.

Welcome Robert.My suggestion would be to partner with a more experienced investor to gain experience and contacts, before trying it by yourself.

After selling you have a gain of $125k and net proceeds of $150k. 

I understand that you avoid capital gains taxes doing it this way.

I hope you find some good properties to reinvest your nice gain.

You pay NO taxes on the gain...