As for Section 121, I know that I would have to live in my primary residence for at least 2 years out of the preceding 5 years to be eligible for $250K capital gain exclusion (or $500K for a couple).

If you wanted to start from the inside out as a PM and gain experience from that perspective, that's a good idea too.

We are both veterans (she is 100% disabled) and have been wanting to do something with the little money we have and gain financial freedom.

I cheated - - 1031 a SFR rental with high cap gains directly into a 6-unit MFU.Commercial 5+ is always an ARMan LTV 70-75% so forget cheap buy-inhas nothing to do with your DTI or Ficohas everything to do with the DSCR proving the property supports itself.

How much tax is owed on the gain?

I have thought about how I can gain some experience in property management and will need to find a way to work it around my 9-5.

Welcome to BP and I am looking forward to gaining much experience from BP.

If you have money sitting in the bank, gaining 0.1% interest, this could be the perfect opportunity for you.Check out my site to learn a little more about me:Cash Partner Wanted

My goal is to start off building capital, using the "none of MY money down" techniques and eventually purchase rentals to gain passive income.I would like BP to help me become a more creative, well rounded investor.I'd like to encourage other BP users especially newbie wholesalers to connect with me and start enhancing my network and knowledge.

The intent would be more of a selfish nature; gaining access to the MLS, the ability to view properties, etc.After a brief search in the forums some older posts show similar questions but would anyone have any current recommendations as to Texas brokers in the Ft Worth area that would sponsor Investors of my type?