I am looking forward to networking with like-minded people and get out of my comfort zone to gain financial freedom :)!

We also hope to gain new chances to network with others who have identical goals or ones who are willing to share their trials for us to learn from.  

This has no tax impact to you and if you sell the house right away, you do so with no capital gains taxes.  

I am thinking of getting my license to gain more control and maximize my revenue.

You will be able to pay capital gains instead of regular income tax, and will also be able to have some cashflow for that time. 

If you live in one of the properties for 2 of the last 5 years you can avoid capital gains on 225k 500k if you are married- in income on the sale of that house. 

If so, then yes,  you will have a tax-free gain (up to $250k single, $500k married) if you were there more than 24 months.1031 exchange proceeds are to purchase like-kind investment property.  

I want to thank Brian Gibbons taking the time to walk me through the different options I have with a prospective seller.Not only did I gain a better understanding of executing a sub 2 and LO, Brian armed me with the concept of JV with the seller.

From 2008- early 2014 I made very nice gains but they haven't been doing much lately.  

This will allow you to sell the first property and defer the gain (and thus the taxes) into the second property.