I don't know a ton about it and anybody feel free to correct me if I'm wrong, but from what I understand it's when you basically buy land or a commercial property and a business entity (or multiple business entities) pays you rent, but that entity is responsible for EVERYTHING and you just get to collect money. 

I don't think the link opened to the correct house for me.

House is a 2007 built (If I recall correctly).See why it is awesome to have a ranking website?

You can get all your deals done correctly on BiggerPockets.Since you have limited capital, you can try assignments or flips to make some quick cash while the contractor or renovator gets the lion's share of the profit since they will be doing all the work to make the property more profitable.

It’s a good start toward getting your deals done correctly.

At Bigger Pockets, you can reach out to other real estate investors while completing deals successfully and correctly.

Hi Darren,Diane and Michael are correct; under Section 121 of the Internal Revenue Code you (as a single individual) can exclude $250,000 of capital gains from your taxes if you have owned and resided in the house as your personal residence for 2 out of the 5 years prior to the date of sale. 

I tend to agree that the market is likely on the higher end, but we have already seen our first nice correction starting from July of last year to Jan '19.  

Our above gentleman are absolutely correct in what they’re saying, but nothing beats driving through and laying eyes on the neighborhood just in case it’s one of those hidden gems.

This can work out for you but your risk is in buying the correct property with good mechanicals and modest deferred maintenance.