Purchase price: $6,325,000 Cash invested: $2,100,000 Sale price: $15,000,000 100,000 SF 3-story office building in very good location.

If you keep it as your primary residence for 2 out of 5 years, you can sell and get a capital gains exception of up to $250k.

Hi Rajesh, Welcome to the community- There are a lot of good professionals and resources here on Bigger Pockets to learn and grow. 

Renewing my Pro Membership is a good first step.  

Thanks for reaching out Alex, I heard Kansas markets have been doing good. 

(Google Florida condo special assessments)  And, you are correct, the HOA can impose numerous limitations that prevent it from being a good investment.

Good luck! 

@Brett Synicky is Solera good to work with anywhere in the country?

Good morning BP,I'm looking to get started wholesaling virtually. 

(we met some of those room-mates and they gave us the scoop as to what was going on).The building is great - brick, newly built, good condition - and based on our comps - each of the 3 bedroom 2 bath units should be renting at around $1800-$2200/month (current condition vs fixed up)The leases were were given (signed March 1 and we bought building on March 3) are $1000, $1100 for the 3 bedroom units of sis and bro and $1300 of the tiny basement unit rented by non family members.