Brand new to all of this.

Then he bought something larger and added some value during one year sold it for a profit of 200 K, plus he wholesaled again and made 50 K. now he invest the 250 k and bought a million dollar property adds value, plus wholesaling deals for 50 k in this year and then he decides to sell again. 

In my area, there are brand new homes down the street from homes built in 1995.

I bought their house as my primary residence.

@William Henze I'm curious to hear other responses from more experienced folks, but I did something similar and bought a duplex in Tennessee from a bank that was occupied. 

That said, I bought my first house in my mid-20s, and lived in it alone.

Now she 100% bought in and actually helps push me when I start having doubts about my path.Of course as books go, Rich Dad Poor Dad is tough to beat in terms of a conceptual understanding of why real estate.I hope your journey goes well!

But I can tell you he's lost about $200k in commissions as I don't deal with him and have bought a tremendous amount since.  

I have bought, held and sold over 20 SFH and duplex units in my previous real estate "life" as it were.I realize that analysis paralysis can be very real, even more so for someone like myself that needs to see numbers that I find attractive and reasonable. 

So lets say you bought for 500k and sold for 800k [300k capital gain] could you then deduct 200k (2/3 of the 300 k capital gains since you lived in the 2 out of 3 units???