First, I would try to learn all about it to gain confidence. 

Having the experience that I’ve gained and spending time learning about the financials of owning a rental, I feel pretty good about being able to look over a listing’s presented numbers and recognize anything that doesn’t seem right.

Originally posted by @Kyle Granes:i have 100k saved up i dont want to work anymore because its trades and i cant do it with my body any longer. can someone please help me on how i can get freedom  It kind of helps to know where you are located and then Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.

Buy in areas that you know well and base your purchase on the type of return or gains that you want.

I've been a passive land lord for 3 years.

My primary home has gained its value more than 500 K since my purchase.

It is my understanding that job loss would allow you to prorate the capital gains taxes on my residency.  

I found with real estate I had more control, and higher & more consistent gains so I focus on that.

I am located in Saint Joseph, MO and I am currently in the process off purchasing a house hack, but would love to gain some experience on the flipping side of real estate.

So I have a SF house that we will have owned (and lived in) for two years here fairly shortly.IF after 2 years of living in it, we tear the house down, scrape it, rebuild on the same lot and sell it for say a 400K gain, is the gain taxable?