I'm Evan and I've been reading about real estate investing (and other personal finance books) over the summer and I have learned alot and would like reach the seventh level of wealth via real estate.

Personally, I've been focusing on fine-tuning my buyer consultation process to make sure clients understand the value I bring to the table.

You keep using the phrase "rent control" but that is not what this is.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I'm very excited to move forward but is there anything that I should keep in mind?

My current understanding is that if I keep it a rental for more than 3 years, I will be subject to the capital gains taxes on the $225k difference. 

Those are great for learning.Just was saying the facebook group was not very supportive to me personally.

Are you going to run the facility or does your cashflow account for a person to manage the place.

I wanted to buy it personally but did not have enough funds at that time.

The people paying you $10,000 per month to rent your property are doing so because they need or want the use of the property, not because you’re a “people” person.4.