The couple sells the property at the end of year 6, netting a total gain of $800,000.

Go small, gain experience, and grow capital smart which limits risk.I know some about hotels but not an expert.

Learn from them, gain their trust, and get some connections, ideas, advice, etc.BP lists two groups in Chicago.

The other option is selling it now and making just 10k after paying realtors and closing costs for buyer etc..If I sell in three years to avoid paying capital gains, I am calculating the mortgage principal will go down $2500 per year and the property values will go up by at least $5k.

It seems like every year at this time I wish I had something put in place for maint. on furnaces, etc...I do not have it in my lease and if I did I do not think tenants would pay attention... but it seems like NEVER do tenants change the filters in the furnace.

When they brought this to my attention they told me water would leak from the ground every time there was heavy rain.

I know I will have appreciation and the tenant will paydown the note, just seems like a long time before I will realize any gains from the high-end house deal.

Would greatly appreciate any suggestions with meetups, REI groups, mentors or any books or other educational sources i can gain some knowledge and experience from.

The Sky's the Limit - Passion and Property in Manhattan - Steven Gaines

@Stormy Hollingsworth Hi Stormy,I will short and sweet lolAsk questions of people who are where you want to be and who have achieved what you want to achieve.I am sure you will gain much from the answers provided.Thanks and have a great day.