Got it, thanks — so in technical terms, the closing costs are deducted from gains on Schedule D, but since the difference is below the Section 121 threshold, Schedule D essentially ends up at $0 (as opposed to some negative/deductible amount).

Your transition from electrician to real estate entrepreneur is really impressive.Congrats on becoming a licensed agent and owning properties in different states!

You're juggling personalities and people moving in and out at different times.  

You'll have to create different marketing campaigns directly to property owners and find those hot off-market deals. 

Working with a team is different.

So yes, more expensive homes with lower rates can be different than cheaper homes in higher areas but then actual principal, interest, and insurance will likely do the off-setting. 

EXP as a brokerage is held within eXp holdings which has a ton of different entities under that umbrella, that is what the agents get a share of from working with eXp.

Literally will get the same property from 15 different wholesalers, with each subsequent email increasing the price $10k from the previous email. 

I have heard and read a couple different perspectives on this.  

Please note -- although this is separate from property management, IF your PM handles this for you in addition to traditional property management, is the fee you would pay them for this different than if it were a completely independent construction manager/overseer not already associated with the apartment complex?