To say it another way, what's the 20% that lead to 80% of gained ground?

And this is why I am looking to connect with people in the local market and to gain experience in my early years through practice.And I'm happy to get to know and talk to anyone on here about really anything such as your own personal experience starting out, to the market in South Florida, building capital in your 20s.Also, the concept of taking my commissions as a broker from successful real estate transactions to then invest for my own is a concept I am really interested in learning about.

But if you have lived in the rental for 2 of the last 5 years, you should be clear up to $250k/individual or $500k/couple before you're hit with cap gains. 

By following the process they will indefinitely defer all tax on the gain from the sale.They have put a cooperation clause in the contract to give you notice that a 1031 is happening. 

Property has gained some value:-One unit was remodeled.

It was the most stressful job I've ever done but he lessons as confidence I've gained from this will stay with me for life. 

I've heard Fully taxed as income and I've heard $0 because you're devaluing your current asset by that amount (Loss) which off sets you sale gain. 

@Edwin Duran homestead sale gains are tax free, not so with investment property, with gains taxed and depreciation recaptured.

Although some would say this is a bad deal, it was actually my best deal because I learned so much and gained confidence for the next deal.

Don't listen to real estate agents or anyone with something to gain by selling you something  egging you on to disaster.