That said, if you can gain some basic knowledge and take away a few good nuggets from a course as a newbie, then it could be a good starting point (of course the best starting point is doing what you are doing here, engaging the BP community).

How the money is distributed at closing doesn’t change your tax situation unless you did something like a 1031 exchange where you would not actually receive any money - the money would go towards another real estate purchase - to which there are a lot of rules. all the best!

Those things aside, there is no way to know if this is a good deal without knowing the value of the property.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

This way instead of selling, paying taxes, you can borrow against it and invest again.

To my mind, I would think about a few ways to attack the issue:1.

I do agree with the idea of that real world experience will always be the best teacher.

It’s best to take clear photos of all rooms, appliances, and any amenities, as well as any existing wear and tear.5.

What are the areas that are the best to search for an STR for, and which ones are not? 

Is the Only Way to Negotiate a Lower Price with Builders is to have a pain in the butt inspector find a laundry list of problems and meaningless in the grand scheme defects to compel them to cut their numbers to move to acceptance and closing?