What strategy are you deploying to benefit from it?

You will benefit from the education and networking, but more importantly, you can position yourself as an expert in the multifamily nicheIntern for a multifamily investor: find an experienced investor who is currently doing what you want to do and proactively add value to their business for free to get in the doorStart small: start with an SFR to 4-unit and work your way upAs you will notice, all of these strategies are time consuming.

I tried to explain to him that i'm investor and have a list of clients that Im trying to help to gain ownership on a house.He asked me a few questions about legal stuff and so on.

Sell it, the gains should be mostly tax free, and pay off the CC debt. 

Leverage just multiplies gains or losses.So, I'd say, if they're good properties and you anticipate gains then consider it regardless of age.

Where is the line drawn that decides if you have to live in a property for 2 years to reap the tax benefits?

It IS still very profitable (tax benefits, cash flow, and profit) AND assures the investment will thrive and survive.I hope this was helpful-Don't hesitate to reach out.Dino

When we go to sell it will I have to pay capital gains tax.

Notwithstanding the foregoing, if the value of Scott’s interest in any of the LLC interests listed on Exhibit B increases as a result of his active efforts, the appreciation of such assets shall be deemed Marital Propertya) Active shall be defined as exclusively engaging in gainful self-employment working toward the growth of his LLC interests listed on Exhibit B, successor LLC’s, spinoff LLC’s, or any other LLC or gainful acquisition made using premarital funds, mortgages, or other financial instruments to fund growth.

@Michael Plaks True, but I have to give people the benefit of the doubt that they know basic definitions of words unless there are flags that words are being misused or something isn't adding up.