@Tim Jonasson Wow I have always avoided land leases, but I didn't realize the holder had so much to gain at the expiration of the lease!

Just ridiculous and based purely upon corporate gain in my opinion the liberals really have a way of secretively taking care of the the corporate agendas.

My strategy is to buy and hold, and hopefully gain enough passive income to replace earned income at some point.

Do I want to buy the house for more that $450,000 (if I'm given the choice) so that when I sell it and there's a gain I won't get nailed in taxes? 

If we decide to sell at the end of the 5 years we will most likely do a 1031 exchange into another property so we will not have to pay any capital gains tax.  

My partner, Hannah Eans, and I have been working on gaining knowledge about real estate investing since November.  

I plan to stay in the house for another year to avoid capital gains taxes when I sell.

In two weeks, I will enroll in realtor school to hopefully come back here and offer some local non-realtors my time in giving info (I currently live on the MLS watching and searching) towards comps, searches, listings, or sellings  to gain some extra "how its done" real-time knowledge.Keeping this short, I will be trolling the forums.  

I'm listening to the podcasts constantly and I'm trying to gain all of the knowledge possible.

But as of now I am 18 and have about $1000 to start off with and from what I've been reading wholesale real estate is probably the best way to start gaining any capital.