Time the Sale Strategically: Selling the property in a year when your income is lower can place you in a lower capital gains tax bracket, reducing the tax rate on your gains.8.Deduct Selling Expenses: Costs associated with selling the property, such as real estate commissions, legal fees, and advertising expenses, can be deducted from your sales price, thereby reducing your taxable gain.9. 

Quote from @George Bell: I belong to a big real estate investment group and we have a lawyer on retainer and he actually advises on #3.

I would not splurge on your first home.

I need help on how to analyze specific localities. 

Every baby agent is going to sell you on a vision on their market and you are going to take the bait.

One of the best things you can add on to your books and podcasts are real estate investor meetups in your area.

Quote from @Mary Jay: Quote from @Owen Rosen: Quote from @Mary Jay: Hi guys, so I had a neighbors tree fall on the roof of my rental.

Decide on what you'd like to focus on as a first step. 

There'll be a prepayment penalty but I can always refinance a few years down the line, depending if I need more cash. 

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.