Getting into a large project, nothing is small and the losses can be life changing, but so can the gains!     

The two of us are gaining equity as we learn the industry together.3.

In a BRRR strategy where you elect to hold property for 5 years, at a minimum, due to the new changes in the Federal tax code, can an S-Corp avoid built in gains taxes on properties held for a minimum of 5 years?

Will I owe capital gains taxes?

However, I don't like the idea of starting off owning property in another jurisdiction altogether, as I can't gain the hands-on experience and I'm sure there are some cross-jurisdictional tax implications that I'd rather not have to deal with at the moment.Any help that can be provided would be greatly appreciated.Thanks

We didn't hire a PM just to gain the experience as a landlord, funny enough the tenant who we selected is a property manager (really great tenant so far).

If only they knew how little time it takes...Oh well, their inefficiencies are my gains. :) I live so frugally that my wife and I can save a fresh 20% down payment on a home every 9 or so months...Lack of capital isn't really a thing if you work full-time and live frugally.

If you don't have money I think there are better ways to get your foot in the door for home ownership.In your shoes I would seek out motivated sellers that might allow you to gain some equity that you can then snowball into full ownership.

I'm brand new and have yet to invest but it seems like you've gained a great working knowledge of some aspects of real estate.

However, is an extra 4% gain per year, on 150K (6K per year) really worth the loss of control?